Property Overview
An excellent infill development opportunity located along the vibrant Federal Highway corridor in Lake Worth, Florida. This property is already positioned for the construction of 15 townhome units, making it an attractive project for developers and investors seeking to deliver new residential product in one of Palm Beach County’s most sought-after coastal markets. Just minutes from the Intracoastal Waterway and Lake Worth Beach, this site combines strong fundamentals with lifestyle appeal.
Land & Development Features
Total assemblage: two parcels at 508 & 510 S Federal Hwy
Approved/entitled for 15 fee-simple townhomes
Flat, buildable land with utilities available (water, sewer, electric)
Excellent site layout potential for modern, high-demand townhome product
Rare opportunity to build in a coastal corridor with limited vacant land remaining
Investment Highlights
Scale: 15-unit development ideal for boutique builders or regional developers
Strong for-sale or for-rent flexibility — townhomes can be sold individually or held as rentals
High demand for new construction in Lake Worth Beach submarket
Attractive long-term appreciation potential given location and supply constraints
Rare shovel-ready project in a prime infill area
Multiple exit strategies: sellout, rental community, or hybrid
Location & Market Advantages
Prime location on S Federal Hwy (U.S. 1) in Lake Worth Beach, FL
Walking distance to shops, dining, and the Intracoastal Waterway
Less than 5 minutes to Lake Worth Beach and downtown Lake Worth Beach
Strong rental and buyer demand due to proximity to Palm Beach, Delray Beach, and West Palm Beach
High visibility with consistent traffic counts along Federal Hwy
Excellent demographics supporting both rental and for-sale absorption
📌 Summary: 508–510 S Federal Hwy offers a rare chance to develop 15 new townhomes in the heart of Lake Worth Beach. With approvals in place, utilities available, and unmatched proximity to the Intracoastal and beach, this project provides a perfect balance of boutique scale, strong demand, and lifestyle appeal — making it a high-value development opportunity in South Florida.