Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
| Lot Size: | 0.4 Acres |
Financials
Price:$1,080,000
Annual Taxes:$1,155.77
Listing Courtesy of Touchstone-Webb Realty Co.
Turnkey Multifamily Development Site Plan Approved Permit Package Ready 109, 117 amp ; 125 W 14th St, Riviera Beach, FL 33404.
Description
Turnkey Multifamily Development | Site Plan Approved | Permit Package Ready 109, 117 & 125 W 14th St, Riviera Beach, FL 33404. A rare, shovel-ready multifamily opportunity in the thriving redevelopment zone of Riviera Beach. This three-parcel assemblage is fully entitled and comes with a permit Submittal ready construction package, ideal for investors or developers seeking a ready to go development. The project consists of a two-story, 8-unit building featuring modern layouts and a strategic mix of unit types perfectly aligned with rental market demand. Total Units: 8 - (4) Three-Bedroom / Two-Bath Units (~$3,260 Market | $2,860 HCV) - (4) Two-Bedroom / Two-Bath Units (~$2,420 Market | $2,190 HCV)- Parking: 11 Off-Street Spaces. Total Rentable SF (Estimated): ~9,600 SF. Land Size: Approx. 0.41 Acres
Key Location Drivers:
Marina Village Expansion: $375M+ revitalization of Riviera Beach Marina District including mixed-use, retail, hotel, and residential.
Oculina Bank Headquarters Project: Major commercial redevelopment just blocks away, creating employment and foot traffic.
Strategic Proximity: Port of Palm Beach, US-1, Blue Heron Blvd, I-95, and major employment nodes.
Exit Strategies:
Build-to-Rent with strong cash flow via market or voucher leasing
Build-and-sell to institutional buyer at stabilization (6-7.5% cap rate)
Condo exit potential with individual unit sales post-CO
Offering Details:
Sale Price: $1,080,000
Delivery: As-Is, Site Plan Approved with Permit Package Ready for Submital
Zoning: Multifamily Residential
Utilities: Accessible and Available
Amenities
- Cable - Available
- Electricity Available
- Sewer Available
- Water Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.