Bought with Anderson & Carr
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Key Details
Sold Price $250,000
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
Subdivision Town Of Lake Worth: Tropical Ridge
MLS Listing ID RX-10874688
Sold Date 05/08/23
HOA Y/N No
Abv Grd Liv Area 16
Annual Tax Amount $1,154
Tax Year 2022
Lot Size 6,750 Sqft
Property Description
MU-DIXIE ZONING! With one of the city's highest-density zoning designations, this 50' x 135' vacant lot is a valuable find! Come develop a large multi-unit apartment building to generate massive monthly income, and simultaneously grow equity-appreciation wealth. Advantageously located walking distance from Walgreens, 7-Eleven, and many other conveniences... Tenants will pay top-dollar rent for a leisurely lifestyle in the heart of LAKE WORTH BEACH. The newly built 3-story, 12-unit, apartment building directly next door looks great! The architectural renderings of the 5-story, 93-unit, apartment building (''Lake Worth Station'') just approved, around the corner... Magnificent! The entire character of this immediate area is on the brink of a radical, upward, transformation!
Location
State FL
County Palm Beach
Area 5620
Zoning MU-DIXIE
Exterior
Utilities Available None
Waterfront No
Exposure East
Building
Lot Description Interior Lot
Story 135.00
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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