Active
multifamily
SALE
5133 Pine Grove Drive, West Palm Beach, Florida None
West Palm Beach, FL
$1,300,000
Property Details
MLS#
B26007262
Type
Multifamily
Year Built
1962
Tax Amount
$3,506
Property Description
Exceptional development opportunity for investors, builders, or developers. This 1.47-acre property is currently zoned Residential High Density with future land use supporting multi-family development. Situated within an Opportunity Zone, it offers potential tax incentives and streamlined permitting. The site currently allows for approximately 5 units per acre with a 35' height limit, with substantial upside through assemblage. The city has indicated that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., significantly increasing allowable density and overall value. A rare chance to capitalize on a strategically located growth corridor with so much potential!
Amenities
1 Stories
Built 1962
Cooling: Central Air
Heating: Central
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30 Year Fixed, 6.59% Interest
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Property Location
Listing Office:
RE/MAX of Stuart
Listing Agent:
Taylor Stanfield
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