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5060 N Ocean Dr - Condado 1.12 Acres of Commercial Land in Riviera Beach, FL 33404

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INVESTMENT HIGHLIGHTS

Beachfront site in Palm Beach County
Escalating pricing and market niche for boutique development

Proximity to amenities

EXECUTIVE SUMMARY

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directors has engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.
The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Multifamily Apartment Units Apartment Units - Condo
Property Type	Land	Total Lot Size	1.12 AC
Zoning	RM-20 - Allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Condo
Total Lot Size	1.12 AC
Zoning	RM-20 - Allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.

1 LOT AVAILABLE

Lot

Lot Size	1.12 AC

Lot Size	1.12 AC

The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island.

DESCRIPTION

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directors has engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access. The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.