402 North Federal Highway

Lake Worth Beach, FL 33460

$1,500,000
Price
Beds
4,141 Sq. Ft.
$362 / Sq. Ft.
4,141
Sq. Ft.
$362
per Sq. Ft.

Description

Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage...Prime investment opportunity in Downtown Lake Worth Beach. Located on Federal Hwy just four blocks north of Lucerne Avenue, this unique property consists of two separate structures on an oversized double parcel (TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106) and is zoned Mixed Use Federal Hwy (MU-FH), which allows for a multitude of uses including Low intensity office uses, Low intensity personal service uses, Hotels and motels, Multifamily residences, and more. One structure with frontage on Federal Hwy is two stories housing three (3) dwelling units with nearly 2,800 SF. The second structure has frontage on 4th Ave N and features three (3) dwelling units with approximately 1,700 SF.
  1. Listed by Sean Mooney • Coldwell Banker Premium Realty
  2. Listed by James Lopez • Coldwell Banker Premium Realty

Property Details for 402 North Federal Highway

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 10/09/2024 02:14 PM

Property Details for 402 North Federal Highway

StatusActive
MLS #RX-11023676
Days on Market43
Taxes$9,612 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1941
Lot Size0.30 AC / 13,007 SF
CountyPalm Beach County

Building Information for 402 North Federal Highway

Stories2Residences-Year Built1941Building Size-Lot Size0.30 AC / 13,007 SF

Property Information for 402 North Federal Highway

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: DOWNTOWN LAKE WORTH BEACH
  • Directions: NORTH ON FEDERAL HWY FROM LUCERNE AVENUE. PROPERTY ON EAST SIDE.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 402
  • Subdivision Complex Bldg: DOWNTOWN LAKE WORTH BEACH, LAKE WORTH TOWN OF
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5600
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
Property
Lot Information
  • Area: 5600
  • HOA Amenities: None
  • Lot Description: 1/4 to 1/2 Acre
  • Parcel ID: 38434421151060010
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 4,439
  • Square Ft Source: Tax Rolls
  • Zoning: MU-FH
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106
  • Sq Ft Liv Area: 4141.0
  • Legal Description: TOWN OF LAKE WORTH LTS 1 & 2 /LESS W 5 FT SR R/W/ BLK 106
Utilities
  • Utilities: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Covered Balcony, Covered Patio, Room for Pool
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Metal
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Electric
  • Flooring: Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Tenant Pays: Cable, Electric, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Den/Family, Kitchen, Patio
  • Unit 1 Info: Full Bath: 0
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 0.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Den/Family, Kitchen, Patio
  • Unit 2 Info: Full Bath: 0
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 0.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Info: Monthly Income: $.00
  • Unit 3 Info: SqFt: 0.0
Unit 4
  • Unit 4 Info: Monthly Income: $.00
  • Unit 4 Info: SqFt: 0.0
Rental
Rental Information
  • Pets on Premises: No

Property History for 402 North Federal Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 402 North Federal Highway

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Grade Elementary School
PublicK to 8

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Palm Beach Preparatory Charter Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

402 North Federal Highway is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on September 24, 2024 by Coldwell Banker Premium Realty, it's currently listed at $1,500,000. This listing's school district is Palm Beach. Nearby schools include North Grade Elementary School, Lake Worth Community Middle School and Lake Worth High School. 402 North Federal Highway is a 0-bed, 0-bath, 4,141 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Premium Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.