
$1,100,000
Commercial for Sale, 5133 Pine Grove Drive, West Palm Beach, Florida 33417
- MLS#B26007262
Listed By RE/MAX of Stuart
The Commercial Property for Sale located at 5133 Pine Grove Drive, West Palm Beach, Florida 33417 is currently for sale.
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!
Location
5133 Pine Grove Drive, West Palm Beach, Florida 33417
Property features
Lot/Land
- Land/Lot size:
5,963 m² (64,190 ft²)
Construction
- Year built: 1962
- Construction: Cbs Construction
Parking/Garage
- Parking description: RV/Boat Parking
Heating and Cooling
- Heating System: Central
- Cooling System: Central AC
Utilities
- Other utilities: SewerPublicPublic Sewer