4160 42ND Avenue S, Lake Worth, FL 33461

Description of 4160 42ND Avenue S, Lake Worth, FL 33461

Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.

Property Details for 4160 42ND Avenue S, Lake Worth, FL 33461

Pool Private

No

Building Information for 4160 42ND Avenue S, Lake Worth, FL 33461

Building Area Units

Square Feet

Association

No

Property Information for 4160 42ND Avenue S, Lake Worth, FL 33461

Lot Features

1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre

Waterfront

Yes

Frontage Length

262

View

No

Exterior Features

None

Sewer

At Site, Public Sewer, Other, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 4160 42ND Avenue S, Lake Worth, FL 33461

Parcel Number

00424425000001040

Tax Annual Amount

$3,893

Tax Year

2025

Tax Legal Description

25-44-42~ E 1/2 OF W 1/2 OF SW1/4 OF NE 1/4 OF NE 1/4 (LESS S 340 FT~ N 70 FT CNL & W 15 FT 42ND AVE S R/W)

Zoning

RM-5

County Or Parish

Palm Beach County

Schools Near 4160 42ND Avenue S, Lake Worth, FL 33461

Elementary School

Diamond View

Middle School

Tradewinds

High School

Lake Worth

School assignments are provided by the listing and should be independently verified.

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