Florida
Lake Worth Beach
1120 S Federal Highway

$699,000

1120 S Federal Highway, Lake Worth Beach, FL 33460

1,812 sqft

Duplex
Built in 1961
6,970sqft lot
—— car garage
$386/sqft
Listed 12 days ago

Property Description

LOCATION! Great Opportunity Zoning: Residential, and Commercial Office, Retail or Medical. Currently Multifamily use. 3 minutes to the Intracoastal and only 10 minutes to the golden sands of Palm Beach, this exceptional property offers a rare blend of lifestyle and investment potential. Zoned for mixed use--commercial and residential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. Set on a spacious lot with ample parking, the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. $70 million luxury hotel renovation 7min away.

Listing Status:: Active
Date Added:: May 19, 2025 at 05:00AM
Listing Office:: Coldwell Banker : (561) 395-2233
Listing Agent:: Irina Borisova : (561) 507-8287
MLS ID:: R11091911

Flooring: HardwoodTileWood
A/C: Ceiling Fan(s)ElectricGas
Heating: Electric

This listing courtesy of Irina Borisova, Coldwell Banker

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

South Grade Elementary School

716 S K St, Lake Worth Beach, FL, 33460

Grades PK-5

0.42 miles away

Palm Beach Maritime Academy

1518 W Lantana Rd, Lantana, FL, 33462

Grades KG-8

1.49 miles away

Lake Worth Community High School

1701 Lake Worth Rd, Lake Worth Beach, FL, 33460

Grades 9-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.