4562-4588 Davis Road

Lake Worth, FL 33461

$995,000
Price
Beds
3,644 Sq. Ft.
$273 / Sq. Ft.
3,644
Sq. Ft.
$273
per Sq. Ft.

Description

Prime development opportunity. Rarely available 2 lot package deal. Approximately 1.5 acres in total. Spread out over 2 separate lots conveniently situated next to each other. Currently pending site plan approval. New condos, townhouses, apartment rental complex, single family homes, this property offers endless possibilities. Zoned RM HR MULTI-FAMILY( UNINCORPORATED ). Possible Potential for 18 units plus. Centrally located only a few blocks away from busy Lake Worth Road & Melaleuca Lane. Easy...Prime development opportunity. Rarely available 2 lot package deal. Approximately 1.5 acres in total. Spread out over 2 separate lots conveniently situated next to each other. Currently pending site plan approval. New condos, townhouses, apartment rental complex, single family homes, this property offers endless possibilities. Zoned RM HR MULTI-FAMILY( UNINCORPORATED ). Possible Potential for 18 units plus. Centrally located only a few blocks away from busy Lake Worth Road & Melaleuca Lane. Easy access to both I-95 & FL Turnpike. A short distance to other new redevelopment, restaurants, shopping, downtown areas, beaches, hospitals, airports, schools and colleges. Perfect opportunity for any investor! Listing includes 2 parcels PCN # 00434430010720030 and PCN # 00434430010720041.
  1. Listed by Michael Petilli • Voro LLC

Property Details for 4562-4588 Davis Road

Subdivision
PALM BEACH FARMS
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 11/18/2024 05:39 AM

Property Details for 4562-4588 Davis Road

StatusActive
MLS #RX-11024360
Days on Market87
Taxes$5,850 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1940
Lot Size1.50 AC / 65,340 SF
CountyPalm Beach County

Building Information for 4562-4588 Davis Road

Stories1Residences-Year Built1940Building Size-Lot Size1.50 AC / 65,340 SF

Property Information for 4562-4588 Davis Road

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Palm Beach 5670; 5680; 5700; 5710
  • Special Info: Handyman, Potential Tear Down, Sold As-Is, Survey
  • Street Number: 4562 &4588
  • Subdivision Complex Bldg: PALM BEACH FARMS
  • Municipal Code: Lake Worth
  • State: FL
  • City Postal ID: 33461
  • MLS Area: 5700
  • MLS Sub Area: PB17
Parking
  • Carport Spaces: 0
  • Garage Spaces: 1
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5700
  • HOA Amenities: None
  • Lot Description: 1 to < 2 Acres, 1/2 to < 1 Acre, 1/4 to 1/2 Acre
  • Lot Dimensions: approx. 1.5 acres
  • Parcel ID: 00434430010720030
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 3,644
  • Square Ft Source: Tax Rolls
  • Zoning: RM HR MULTI-FAM
Property and Assessments
  • Legal Desc: PALM BEACH FARMS CO PLAT 7 LT C BLK 72 & PL 7 LT D /LESS W 10 FT CO RD R/W, E 140 FT & S 10 FT OF E 167.9 FT OF W 177.9
  • Sq Ft Liv Area: 3644.0
  • Legal Description: PALM BEACH FARMS CO PLAT 7 LT C BLK 72 & PL 7 LT D /LESS W 10 FT CO RD R/W, E 140 FT & S 10 FT OF E 167.9 FT OF W 177.9
Utilities
  • Utilities: Electric, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: Covered Patio, Extra Building, Room for Pool
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: None
  • Flooring: Tile
  • Heating: Other
  • 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: None
Unit 1
  • Unit 1 Desc: Electric Meter
  • Unit 1 Info: Full Bath: 2
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 1440.0
  • Unit 1 Parking: Garage - Attached, Open Parking
Unit 2
  • Unit 2 Desc: Electric Meter
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 653.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Info: Monthly Income: $.00
  • Unit 3 Info: SqFt: 537.0
Unit 4
  • Unit 4 Info: Monthly Income: $.00
  • Unit 4 Info: SqFt: 1014.0
Rental
Rental Information
  • Pets on Premises: No

Property History for 4562-4588 Davis Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4562-4588 Davis Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Palm Springs Elementary School
PublicPK to 5

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Somerset Academy JFK Charter School
CharterK to 8

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.

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4562-4588 Davis Road is a multi-family home for sale in Lake Worth, FL 33461. This property was listed for sale on September 27, 2024 by Voro LLC, it's currently listed at $995,000. This listing's school district is Palm Beach. Nearby schools include Palm Springs Elementary School, Lake Worth Community Middle School and Lake Worth High School. 4562-4588 Davis Road is a 0-bed, 0-bath, 3,644 sqft multi-family home built in 1940.

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 Voro LLC

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.