215 Federal HwyLake Worth Beach, FL 33460

Property Details for 215 Federal Hwy

Year built

1921

Property size (Sq ft)

4,237 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property in Lake Worth Beach, Florida, presents a unique investment opportunity. Priced at $1,395,000, this 4,237 square foot property boasts a main house and a separate two-story apartment building, all situated on a single lot. The main house features three bedrooms and one bathroom, while the apartment building offers three additional units, each with two bedrooms and one bathroom. All units are currently generating income as furnished short-term rentals. The property includes a large fenced outdoor patio and dining area, a shared laundry and storage facility, and two driveways. Adding to its charm are colorful murals painted by a local artist. Located just two blocks north of downtown Lake Worth Beach and less than a mile from the beach, this property offers unparalleled access to local amenities, including a pier, restaurants, shops, a theater, and an intracoastal park with a boat launch. The soon-to-be-reopened historic Gulfstream Hotel will further enhance the area's appeal. Its convenient location also provides easy access to Palm Beach International Airport (10 minutes), downtown West Palm Beach (15 minutes), and Atlantic Avenue in Delray Beach (20 minutes). Built in 1921, this property offers a blend of historical charm and modern income potential in a thriving coastal city. The property is sold fully furnished and equipped, making it a truly turnkey investment. The commercial zoning allows for a variety of uses, making this a versatile and promising investment in a rapidly growing area.

Location Insight

City

Lake Worth Beach

County

Palm Beach

State

Florida

Latitude

26.6183

Longitude

-80.0527

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