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505 24th Avenue N, Lake Worth Beach, FL (MLS# B26024798)

505 24th Avenue N, Lake Worth Beach, FL

New Listing
$2,095,000
Property Type: Commercial Sale Square Footage: 6,362 Status: Active
Current Price: $2,095,000 List Date: 5/06/2026 Last Modified: 5/06/2026

Overview

Description

Incredible assemblage of 4 contiguous parcels. Sale includes almost an entire city block in the highly sought-after Lake Worth Beach area. This unique offering includes: 3 Single-Family Homes,1 Duplex, 1 Large Apartment Building, 4-Car Garage and 1 Vacant Lot. All under termite warrantee. All buildings completely renovated 2015 to the frame including new foundations and floor frames. Hurricane clipped at all wood joints to current wind code. Architectural and Structural Engineer Drawings and certifications for all buildings. All impact windows and doors. New electric service, wiring, plumbing, insulation, crawl space has liner, sheetrock, roofs and more. These are basically ALL NEW structures with permits to prove it. Opportunities like this are rarely available in this location.

Listing Details MLS# B26024798

General Property Information

Number Of Buildings
6
Property Sub Type
Mixed Use
Number Of Units Total
7
Price Per Unit
329
Occupant Type
Tenant
Building Area Main
6362
Building Area Source
Public Records
Year Built
1978
Year Built Details
Buildings where built during different times.
Parking Total
20
Lot Size Area
39203
Lot Size Acres
0.9
Accessibility Features YN
Yes
Stories Total
2
Stories
2
Leasable Area
6263

Property Features

Documents Available: Investment Analysis; Rent Rolls Electric: Other Flooring: Ceramic Tile; Linoleum; Vinyl Foundation Details: Slab Heating: Central Parking Features: Accessible Parking; Assigned; Common; Guest; Shared Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building Special Listing Conditions: Standard Source Of Expenses: Owner Provided Construction Materials: Block Cooling: Ceiling Fan(s); Central Air Listing Terms: 1031 Exchange; Cash; Conventional; Other Road Surface Type: Asphalt Roof: Mixed Security Features: None Sewer: Public Sewer Structure Type: Mixed Use Utilities: Cable Available; Electricity Available; Phone Available; Water Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Call Listing Office; Listing Agent Must Accompany; Occupied; Text Listing Agent; See Remarks Occupant Details: Tenant Occupied Showing Considerations: See Remarks Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2095000
Owner Phone
Withheld
Negotiable Seller Concessions YN
No
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
505
Street Name
24th
Street Suffix
Avenue
Street Direction Suffix
N
State Or Province
FL
Postal Code
33460
Area
5620
Geographic Area
PB16
Parcel Number
38434416050110110
Multiple Offers Accepted
No
Zoning
Multiple

Financial Information

Tax Annual Amount
13764
Tax Year
2025
Tax 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

Status Change Information

Major Change Timestamp
2026-05-06T04:37:30Z
Major Change Type
New Listing
Status Change Date
2026-05-06

More Information

Building and Property Details

# Of Bays
2
# Of Offices
Yes
# Of Tenants
4
# Of Toilets
9
% Air Conditioned
6

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
7
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
3

Income and Expenses

Annual Total Expense
32544
Gross Income
156000
Insurance Expense
13500
Net Operating Income
123456
Operating Expense
32544
Other Expense
2880
Real Estate Taxes
13764
Service Expense
2400

Unit Details

Number Of Units Leased
100

Description of Unit Type 1

Unit Type
3 Bedroom
Units Total
Yes
Full Baths
2
Furnished
No
Annual Rent
2500

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
1500

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
1300

Description of Unit Type 4

Unit Type
2 Bedroom
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
2000

Description of Unit Type 5

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
1200

Description of Unit Type 6

Unit Type
Shop(s)
Units Total
Yes
Full Baths
Yes
Annual Rent
1500

Description of Unit Type 7

Unit Type
3 Bedroom
Units Total
Yes
Full Baths
2
Furnished
No
Annual Rent
3000

Showing Details

Pet(s) on Premises
No
Showing Contact Phone
954-709-1003

Originating Details

Originating System Key
20260506030641049475000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Other
Yes

Flooring

Ceramic Tile
Yes
Linoleum
Yes
Vinyl
Yes

Foundation Details

Slab
Yes

Parking Features

Accessible Parking
Yes
Assigned
Yes
Common
Yes
Guest
Yes
Shared
Yes

Property Condition

Resale
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Investment Analysis
Yes
Rent Rolls
Yes

Structure Type

Mixed Use
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Phone Available
Yes
Water Available
Yes

Heating

Central
Yes

Sale Includes

Building
Yes

Construction Materials

Block
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Roof

Mixed
Yes

Security Features

None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Call Listing Office
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes
Text Listing Agent
Yes
See Remarks
Yes

Occupant Details

Tenant Occupied
Yes

Showing Considerations

See Remarks
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
Listing Office: CPRE Organization Inc
IDX
Last Updated: May - 06 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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