LAND DEVELOPMENT OPPORTUNITY Huge upside through the New Development up to 10 VILLAS or T Homes Development Options Based on Permitted Lot Coverage Site total square footage 21, 426 SF.
Palm Beach Shores, FL 33404
Listing
| Web ID: | 5716006 |
|---|---|
| Website: | https://www.nestseekers.com/5716006 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
| Lot Size: | 0.5 Acres |
Financials
Price:$5,150,000
Annual Taxes:$85,406
Description
LAND DEVELOPMENT OPPORTUNITY - Huge upside through the New Development up to 10 VILLAS or T-Homes Development Options Based on Permitted Lot Coverage Site total square footage: 21,426 SF. Dwelling unit density. 10 units. “ Dwelling unit density is “twenty-one (21) units per acre.” Options 1. Six Luxurious exclusive 3,200 SF. townhouses, each featuring a private pool, basement parking, and dedicated storage, plus roof top with summer kitchen. 2. Eight luxury each 2,400 SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. 3. Ten luxury each 1,900 +/- SF. condominiums in an elegant two-story building, featuring secure basement parking, private gardens or rooftop terraces, and a community pool. steps away from the beach and waterways & filling up highest and best use. Current zoning allows for multifamily use. Building is class C and B (Zoned for Multifamily) Rare opportunity for a reputable developer, fund, assets managing group to purchase an free and clear asset in Palm Beach Shores, new developments rising all over the Palm Beach shores. (attachments: some photos are renderings)
Amenities
- Oversized Lot
- Street Lights
Location
Contact
Listing Courtesy of Trust Invest Real Estate Corp