Commercial Sale · Mixed Use
505 24th Avenue N, FL 33460, FL, 33460
Active99 days on marketListed May 1, 2026MLS #B26024798
About this property
The property at a glance
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.
6,362
Building sq ft
$329
Price / sq ft
0.9
Lot acres
1978
Year built
7
Units
6
Buildings
Multiple
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
5.9%
Cap rate
$123,456
Net operating income
$156,000
Gross income (yr)
$299,286
Price / unit
7
Units
Estimated payment (illustrative)
Estimated payment
$10,727/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Jessica to connect you with a commercial lender for real numbers.
Your team
The pros in your corner
Your agent
Jessica Stickler
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 505 24th Avenue N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 505 24th Avenue N.
See it in person
Schedule a tour
Live availability from Jessica's calendar — pick a time and it's booked.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.