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4160 42nd Avenue South - Shovel-Ready MFR Development 0.91 Acres of Commercial Land Offered at $903,675 CAD in Lake Worth Beach, FL 33461
Investment Highlights
- 4160 42nd Avenue S is an approved 10-unit multifamily project, allowing developers to bypass entitlement timelines and move quickly into construction.
- Efficient site plan includes a recreation area and parking for up to 23 vehicles, supporting strong operational performance and tenant satisfaction.
- Infill Lake Worth Beach location benefits from dense population growth, strong renter demand, and proximity to major retail and employment centers.
- Modern two-story design with an 80% three-bedroom unit mix is positioned to attract stable, long-term tenants, compared to standard unit mixes.
- Flexible development profile supports strong upside potential through a build-to-rent strategy, condominium sell-out, or stabilized resale option.
Executive Summary
Positioned at 4160 42nd Avenue S in Lake Worth Beach, this approved 10-unit multifamily project presents a rare, build-ready opportunity on approximately 0.91 acres. Zoned RM (Residential Multifamily), the site offers immediate development potential, allowing buyers to avoid entitlement delays and move straight into construction.
The approved plans feature a modern, two-story building with a clean, contemporary façade and a well-designed unit mix of two two-bedroom/two-bath units and eight three-bedroom/two-bath units. With 80 % of the units configured as three bedrooms, the project attracts a more stable, long-term tenant base compared to typical studio or one-bedroom developments. Planned site amenities include a 50-foot by 50-foot recreation area and parking for up to 23 vehicles via a single-way loop off 42nd Avenue S, supporting strong functionality while maximizing income potential for long-term cash flow or future resale.
Surrounded by a mix of single-family and multifamily neighborhoods along the highly sought-after Lake Worth Road corridor, the property benefits from excellent access to major roadways, employment centers, retail, schools, and daily necessities. Nearby amenities include Publix, The Home Depot, Walgreens, Pollo Tropical, and more, enhancing overall livability and tenant appeal. The infill site is located west of Interstate 95, within a dense, growing residential area of Palm Beach County. Over 370,000 residents live within a 5-mile radius, with population growth projected through 2030 and renters accounting for roughly 40% of the local market, underscoring sustained multifamily demand.
Note: All financial data and projections are estimates based on current market conditions. The property is offered as-is with existing approvals, and buyers are responsible for verifying site plans, impact fees, and construction requirements with the City of Lake Worth and Palm Beach County.
The approved plans feature a modern, two-story building with a clean, contemporary façade and a well-designed unit mix of two two-bedroom/two-bath units and eight three-bedroom/two-bath units. With 80 % of the units configured as three bedrooms, the project attracts a more stable, long-term tenant base compared to typical studio or one-bedroom developments. Planned site amenities include a 50-foot by 50-foot recreation area and parking for up to 23 vehicles via a single-way loop off 42nd Avenue S, supporting strong functionality while maximizing income potential for long-term cash flow or future resale.
Surrounded by a mix of single-family and multifamily neighborhoods along the highly sought-after Lake Worth Road corridor, the property benefits from excellent access to major roadways, employment centers, retail, schools, and daily necessities. Nearby amenities include Publix, The Home Depot, Walgreens, Pollo Tropical, and more, enhancing overall livability and tenant appeal. The infill site is located west of Interstate 95, within a dense, growing residential area of Palm Beach County. Over 370,000 residents live within a 5-mile radius, with population growth projected through 2030 and renters accounting for roughly 40% of the local market, underscoring sustained multifamily demand.
Note: All financial data and projections are estimates based on current market conditions. The property is offered as-is with existing approvals, and buyers are responsible for verifying site plans, impact fees, and construction requirements with the City of Lake Worth and Palm Beach County.
Property Facts
| Price | $903,675 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.91 AC |
| Property Type | Land | ||
| Zoning | RM - Multifamily Residential | ||
| Price | $903,675 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.91 AC |
| Zoning | RM - Multifamily Residential |
1 Lot Available
Lot
| Price | $903,675 CAD | Lot Size | 0.91 AC |
| Price Per AC | $993,050.00 CAD |
| Price | $903,675 CAD |
| Price Per AC | $993,050.00 CAD |
| Lot Size | 0.91 AC |
4160 42nd Avenue S is a ±0.91-acre multifamily-zoned (RM) development site located in Lake Worth, Palm Beach County. The property includes an approved site plan for 10 residential units, offering a shovel-ready opportunity for immediate development.
Fairly walkable
50/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-42-44-25-00-000-1040 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $325,759 CAD |
Property Taxes
Parcel Number
00-42-44-25-00-000-1040
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$325,759 CAD
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4160 42nd Avenue South - Shovel-Ready MFR Development
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