215 N Federal Hwy, Lake Worth Beach, FL

$1,395,000

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4,237

Square feet

0.15

Acres

About 215 N Federal Hwy

Currently high performing short-term cash cow!! This is an opportunity to live and work in a commercially zoned single family home and pay your mortgage with the income from three apts in a separate two story apartment building in the back with a garage and storage. The main house is a large 3BD/1BA with three 2BD/1BA units located in a fully enclosed fenced space out back. This is a turn-key investment property sold fully equipped and furnished. There is a huge fenced outdoor patio and dining area, common area laundry/storage facility, and two driveways. Colorful murals painted by a local artist add to the laid back charm. Great downtown location with plenty of parking! Lake Worth Beach is a beach lovers destination with public amenities including a pier, restaurants, golf,shops, local theater, a beautiful intracoastal park with boat launch, and soon to be an iconic fully restored historic Gulfstream hotel with restaurant (under renovations - reopening in 2025-26). Lake Worth Beach is the Key West of Palm Beach County with eclectic architecture, murals, and walkability few cities in Fl offer. Walk to all of these centrally located amenities from this property just two blocks north of downtown and less than 1 mile to the public beach. The uses for this property are endless and this coastal city is on the rise. Just 10 minutes from Palm Beach International airport, 15 minutes from booming downtown West Palm Beach and 20 minutes to Atlantic Ave in Delray Beach. Purchase part of downtown Lake Worth Beach's history and possibly create your next business in this mixed use commercial district!

Features of 215 N Federal Hwy

MLS® # RX-10987153
Price $1,395,000
Square Footage 4,237
Acres 0.15
Year Built 1921
Type Commercial
Sub-Type Other, Income, Mixed
Style Free Standing, Office/Professional, Office/Retail, Office Space, Other
Status New

Community Information

Address 215 N Federal Hwy
Area 5610
Subdivision LAKE WORTH TOWN OF
City Lake Worth Beach
County Palm Beach
State FL
Zip Code 33460

Amenities

Utilities 3-Phase Electric, Cable, Gas Natural, Public Sewer, Public Water
Is Waterfront No
Waterfront None

Interior

Appliances Building and Land, Equipment, Fixtures, Furniture
Heating Window/Wall
Cooling Wall-Win A/C
# of Stories 2

Exterior

Lot Description Quadplex
Roof Comp Shingle, Comp Rolled
Construction Frame

Additional Information

Zoning MU-E--MIXED USE
RE / Bank Owned No

Listing Details

OfficeAcquire Palm Beach LLC

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