416 3rd Ave S, Lake Worth, FL 33460

Prime Opportunity in Downtown Lake Worth: Vacant Land at 416 3rd Ave S – Build Your Vision!

Seize an exceptional and increasingly rare opportunity to acquire a versatile parcel of vacant land at 416 3rd Ave S in the heart of historic Lake Worth, Florida. This property, originally “built in 1926” likely referring to a structure that once stood on the site, is now a blank canvas, presenting unparalleled potential for a discerning developer, investor, or an individual dreaming of building a custom home in a vibrant, walkable community.

Property Highlights & Potential:

• Vacant Land: This offers the ultimate flexibility to design and build to your precise specifications, free from the constraints and costs of renovating an existing structure.
• Generous 4,486 Square Feet: A substantial lot size providing ample space for a significant development, whether a single-family home, or potentially other uses depending on zoning (see “Zoning & Development Potential” below). The lot dimensions are approximately 45 ft x 100 ft.
• Incredible Value Proposition: Priced at $284,900, with an estimated refinance payment of just $364/month (note: this payment is likely for the land loan itself, as vacant land financing differs from a traditional home loan). This price point offers a compelling entry into the desirable Lake Worth real estate market, particularly for a development opportunity.
• Prime Location: Situated in downtown Lake Worth, offering unmatched walkability and access to the city’s charming amenities.
• Built in 1926 (Historical Context): While the current property is vacant land, this year signifies the established nature of the surrounding neighborhood and its historical charm. The lot has been previously sold as vacant land, most recently in 2020 for $25,000, and 2011 for $70,000, demonstrating its appreciation.
• Low Property Taxes: Annual taxes in 2024 were $1,098, which is favorable for a development site.