1120 S Federal Hwy
Lake Worth Beach, FL 33460
Potential Medical Office in Lake Worth Beach · Multifamily Property For Sale · 2 Units

Great Opportunity Zoning allows for Residential, and Commercial Office, Hotel/Motel or Retail. Currently Multifamily use, and conditional uses include Day Care, Health Care Medical Offices, Day Spa, Places of Worship, Schools, and B&B among others. Owner represents: Just 3 minutes to the scenic 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—this flexible space opens the door to endless possibilities, whether you're envisioning multifamily living, retail, medical offices, or even a boutique hotel (zoning documents available upon request). he two-story structure features a full kitchen and bathroom on each level, with three separate entrances providing ideal functionality for multiple tenants or live-work arrangements. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor is currently leased for $14,400 annually, while the other half, currently owner-occupied, holds 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. The first floor boasts sleek white tile flooring, with updated photos coming soon. Situated in the heart of Lake Worth Beach, you're just a short distance from downtown, local parks, golf courses, and daily conveniences. The picturesque and historic South Palmway leads you to neighborhood cafés, markets, and more—all a short distance from your door. Lake Worth Beach is uniquely self-sustaining, featuring its own power plant and reverse osmosis water treatment system, ensuring clean, drinkable water straight from the tap. And with a $70 million luxury hotel renovation project already underway just seven minutes away, the area's value and vibrancy are only rising. This is more than just a property—it’s a prime opportunity in one of South Florida’s most desirable coastal communities. Sold AS-IS and Firm Asking Price. Owner Occupant potential as first level occupant is mo/mo and second level unit has tenant lease in place through Feb 2026. Contact Bill Giberson Broker-Associate of Lang Realty, Inc. for all inquiries Bill@Sofla1.com 561-305-0505.