Investment Overview

Marcus & Millichap is pleased to present the North L Street Townhome Development, a prime .32-acre development site located at 307-313 N L Street in the heart of Lake Worth Beach, Florida. Identified by Parcel IDs 38-43-44-21-15-090-0300, 38-43-44-21-15-090-0290, 38-43-44-21-15-090-0280, & 38-43-44-21-15-090-0270, the property is zoned MF-20 (Low-Density Multi-Family) under the City of Lake Worth Beach’s code, which allows for the development of up to six apartment units. However, the parcel has already been configured to accommodate four 3-story townhomes, making it a turnkey opportunity for residential developers seeking a for-sale or luxury rental product in a rapidly revitalizing urban neighborhood. Centrally located just a few blocks from the vibrant Downtown Lake Worth Beach, the site offers walkable access to an eclectic mix of restaurants, cafés, boutiques, art galleries, and entertainment venues along Lake Avenue and Lucerne Avenue. The area has seen a surge in private investment and revitalization, including recent luxury townhome projects, adaptive reuse of historic buildings, and enhancements to the city’s urban infrastructure. Cultural anchors like the Lake Worth Playhouse, Benzaiten Center for Creative Arts, and regular events at the Cultural Plaza draw steady foot traffic and add to the neighborhood’s unique character. The property is less than one mile from the Atlantic Ocean, Lake Worth Beach and Pier, and the Intracoastal Waterway, making it highly desirable for end users seeking a coastal lifestyle. Bryant Park, the Lake Worth Beach Golf Club, and the city marina offer additional recreational amenities, while access to I-95, Palm Beach International Airport, and major employment hubs in West Palm Beach and Boynton Beach enhance regional connectivity. With strong market demand for new construction and limited inventory in this highly walkable, beach-adjacent corridor, the North L Street Townhome Development represents a compelling opportunity to build a boutique-scale residential project in one of South Florida’s most authentic and resurging coastal communities.