Excellent build opportunity in highly sought after Historic Downtown Lake Worth Beach! Minutes to the beach, nestled amongst residential and commercial buildings, sits this gem of a lot, with 50' Federal Highway frontage. Current land use is commercial, zoning is MU-FH (city)/mixed use planned development district, part of the ''Northeast Lucerne Historic District''. This lot was was previously home to a 1300 sq ft duplex, 2/2 up and 2/1 down, which was torn down back in 2011/12. Over the years there has been speculation to build 4-1 bedroom units, 1-SFR, 3-2 story Townhomes, 1-Commercial use for office space, and lastly possibility of a Duplex, live to work build opportunity. This is THE PERFECT location for any of the above possibilities to access everything the Tropics stands for!
Subdivision:
LAKE WORTH TOWN OF
Lot Description:
< 1/4 Acre,Paved Road,Public Road,Sidewalks,Treed Lot
Elementary School:
North Grade Elementary School
Middle School:
Lake Worth Community Middle
High School:
Lake Worth High School
618 N Federal Highway, Lake Worth, FL, 33460
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
