505 24th Avenue N Lake Worth Beach, FL $ 2,095,000
505 24th Avenue N
$ 2,095,000
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505 24th Avenue N

Lake Worth Beach, FL
$ 2,095,000
Bedrooms-- Baths-- Sq 6,362

Monthly Estimate*

$ 14,470

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Commercial Property for sale in Lake Worth Beach, FL for $2,095,000. This 6,362 square foot building was built in 1978 on a lot size of 0.9.

Rare opportunity to acquire a four-parcel assemblage encompassing nearly an entire city block in desirable Lake Worth Beach. This unique offering includes 3 single-family homes, 1 duplex, 1 large apartment with private garage, 1 smaller apartment with a four-car garage, and 1 vacant lot. All structures were comprehensively renovated in 2015 with permits, rebuilt to the frame with new foundations, floor framing, electrical, plumbing, insulation, drywall, roofs, impact windows and doors, and hurricane clip reinforcement to current wind codes. Architectural and structural plans, certifications, and permits are available. All improvements are under termite warranty. A truly rare investment and redevelopment opportunity.

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Commercial Active

Price

$ 2,095,000

Property Type

Commercial

Taxes

$ 13,764

Style

Lot Size

0.9

Year Built

1978

Town/City

Lake Worth Beach

County/Region

Palm Beach

MLS | Web ID

B26024798

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Ceiling Fan(s)
Utilities Cable Available Electricity Available Phone Available Water Available
Possession Close Of Escrow
Roof Mixed
Security Features None
Construction Materials Block
Year Built 1978
Electric Other
Stories Count 2
Levels Two
Property Subtype Mixed Use
Tax Year 2025
Gross Income 156000
Accessibility Accessibility Features
County Palm Beach
Net Operating Income 123456
Operating Expense 32544
Insurance Expense 13500
New Construction false
Property Type Commercial Sale
Status Active
City Lake Worth Beach
Number Of Units Total 7
MLS Area 5620
Tax Annual Amount 13764
Property Condition Resale
MLS Area Minor PB16
Virtual Tour https://www.propertypanorama.com/505-24th-Avenue-N-Lake-Worth-Beach-FL/unbranded
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Mixed Use
Legal Description WORTHMORE PARK LTS 6 THRU 10 BLK 11 WORTHMORE PARK LTS 11 & 12 BLK 11 WORTHMORE PARK LTS 13 THRU 16 BLK 11 WORTHMORE PARK LTS 3 THRU 5 BLK 1
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Interior
Flooring Ceramic Tile Linoleum Vinyl
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Assigned Accessible Parking Common Guest
Water Source Multiple Meters Public
Total Parking 20
Lot Size Area 39203
Foundation Details Slab
Number of Buildings 6
Building Area Total 6362
Lot Size Acres 0.9
Road Surface Type Asphalt
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* Excluded Features
List By
Cole D Leavitt

Listing Agent

Affordability Calculator

$15,617
Per Month
93%
7%
0%
Monthly Principal & Interest
$14,470
Monthly Property Taxes
$1,147
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$2,095,000 Listed Price

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505 24th Avenue N, Lake Worth Beach, FL, is a Commercial Property for sale at $2,095,000 with 6,362 sqft and a lot size of 0.9. 505 24th Avenue N was built in 1978. The property's zip code is which is in Lake Worth Beach, FL