1744 Lake Worth Road, Lake Worth Beach, FL 33460

Zaheer Mohamed

brigitte escartin

Lifestyle International Realty

Listed by Transamerican Rlty Grp Holdings LLLP, Lifestyle International Realty

$1,400,000

1424 days on market

Updated 35 days ago

1744 Lake Worth Road

Details

APN

38434421020350062

Property Type

Mixed Use

Sub Type

Mixed Use

Units

Tenancy

Vacant

Year Built

1966

Buildings

1,744

Stories

Acreage

0.510

Zoning

MF-20 (c

Parking Spaces

11 spaces

Investment Type

Redevelopment

Ownership

Sole Proprietor

Sale Condition

For sale by owner

Mixed Use

Marketing description

Take advantage of this exceptional opportunity to lease or purchase a versatile commercial property in the bustling heart of Lake Worth, FL. This property is perfectly positioned on Lake Worth Rd, providing excellent exposure, heavy traffic flow, and outstanding visibility.The spacious interior is suitable for various business types, including retail, office, or mixed-use commercial applications. Location: Situated on a major thoroughfare, with easy access to I-95 and other key local highways, making it convenient for customers and employees. Ample on-site parking, accommodating both clients and staff. They are commercially zoned to allow flexibility for diverse business operations. Interior Open floor plan, with flexible layout that can be customized to suit your business needs.

Investment highlights

On July 28, 2020, the City Commission adopted Ordinance 2020-06, which amended the Future Land Use (FLU) of this site from Mixed Use – East (MU-E) to TOD. Therefore, the property is eligible to be rezoned to a zoning district consistent with the recently adopted FLU. Should the property be successfully rezoned to TOD-E, which allows for a maximum of 50 units per acre, 25 residential units would be allowed. Further, this site is eligible to be redeveloped as a mixed-use urban planned development district per LDR Section 23.3-25(e), which would require final review and approval by the City Commission. Per Policy 1.2.3.4(3) of the City’s Comprehensive Plan, mixed-use urban planned development districts may obtain an additional 25% bonus in density, intensity, and height over the base plus an additional 15 in height.

Further, this site is eligible to be redeveloped as a mixed-use urban planned development district per LDR Section 23.3-25(e), which would require final review and approval by the City Commission. Per Policy 1.2.3.4(3) of the City’s Comprehensive Plan, mixed-use urban planned development districts may obtain an additional 25% bonus in density, intensity, and height over the base plus an additional 15 in height.

Check the criteria for a mixed-use urban planned development district with the City of Lake Worth Beach at 561-586-1687.