Prime development opportunity. Rarely available 2 lot package deal. Approximately 1.5 acres in total. Spread out over 2 separate lots conveniently situated next to each other. Currently pending site plan approval. New condos, townhouses, apartment rental complex, single family homes, this property offers endless possibilities. Zoned RM HR MULTI-FAMILY( UNINCORPORATED ). Possible Potential for 18 units plus. Centrally located only a few blocks away from busy Lake Worth Road & Melaleuca Lane. Easy access to both I-95 & FL Turnpike. A short distance to other new redevelopment, restaurants, shopping, downtown areas, beaches, hospitals, airports, schools and colleges. Perfect opportunity for any investor! Listing includes 2 parcels PCN # 00434430010720030 and PCN # 00434430010720041.
For sale
Price cut: $20K (5/26)
$875,000
4562 &4588 Davis Road, Lake Worth, FL 33461
--beds
3,644sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$240/sqft
$-- HOA
What's special
- 296 days
- on Zillow |
- 251 |
- 4 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: June 29, 2025 at 02:30pm
Listed by:
Michael Petilli 561-593-2922,
Voro LLC
Source: BeachesMLS,MLS#: RX-11024360
Originating MLS: Beaches MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- None
Features
- Flooring: Tile
Interior area
- Total structure area: 3,644
- Total interior livable area: 3,644 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached, Open, Open Parking, Space Parking
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Covered Patio
- Exterior features: Room for Pool
- Waterfront features: None
Lot
- Size: 1.5 Acres
- Dimensions: appro x . 1.5 acres
- Features: 1 to < 2 Acres
Details
- Additional structures: Extra Building
- Parcel number: 00434430010720030
- Zoning: RM HR MULTI-FAM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS, Concrete
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Water: Public, Separate Water Meters
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: None
- Subdivision: Unincorporated Palm Beach County. Palm Beach Farms.
Location
- Region: Lake Worth
Financial & listing details
- Price per square foot: $240/sqft
- Annual tax amount: $5,850
- Date on market: 9/27/2024
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Loading
- Loading