About 1422 Lucerne Av
Lake Worth Beach Development Opportunity. .31 acre parcel with Mixed Use East (MU-E) Zoning. Corner location allows for a broad range of commercial and residential applications. This district is home to a burgeoning arts scene and an array of mixed use developments projects. Potential uses include and are not limited to residential, office, retail, showroom, bakery, art studios, restaurant, personal services and more. Maximum base density for the parcel allows for 8 residential units. Incorporating specific city programs would increase density and allow for the development of up to 22 residential dwelling units. Currently an 800 sf. free standing commercial building and a 1700 sf. single family home (both CBS), with leases in place, occupy the property, generating $5700 per month.
Features of 1422 Lucerne Av
| MLS® # | RX-11034028 |
|---|---|
| Price | $1,600,000 |
| Square Footage | 2,458 |
| Acres | 0.31 |
| Year Built | 1950 |
| Type | Commercial |
| Sub-Type | Mixed |
| Style | Free Standing, Income, Other, Retail |
| Status | Active |
Community Information
| Address | 1422 Lucerne Av |
|---|---|
| Area | 5620 |
| Subdivision | LAKE WORTH TOWN OF |
| City | Lake Worth |
| County | Palm Beach |
| State | FL |
| Zip Code | 33460 |
Amenities
| Utilities | 3-Phase Electric |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Central, Electric |
| Cooling | Electric, Central |
| # of Stories | 1 |
Exterior
| Lot Description | Retail & Residential |
|---|---|
| Roof | Comp Rolled |
| Construction | CBS, Concrete |
Additional Information
| Zoning | MU-E |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | LPT Realty, LLC |
|---|