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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

Palm Beach Shores FL 33404 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of Trust Invest Real Estate Corp
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