1120 S Federal Highway Lake Worth Beach, FL 33460

AGENT'S REMARKS ABOUT 1120 S FEDERAL HIGHWAY

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.