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5133 Pine Grove Dr - 5133 Pine Grove Drive West Palm Beach, FL 334 1.47 Acres of Commercial Land Offered at $2,045,490 CAD in West Palm Beach, FL 33417

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Investment Highlights

Opportunity Zone
Close Proximity to Palm Beach International Airport, I95, and Downtown Palm Beach

1.47 Acres

Executive Summary

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!

Property Facts

Price	$2,045,490 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Multifamily Apartment Units Apartment Units - Condo Open Space Agribusiness Single Family Residence
Sale Conditions	Build to Suit Deferred Maintenance High Vacancy Property Redevelopment Project	Total Lot Size	1.47 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	RH—MULTI-FAMILY (HIGH DE - RH—MULTI-FAMILY (HIGH DENSITY) (00-UNINCORPORATED)The site currently allows for approximately 5 units per acre with a 35' height limit.

Price	$2,045,490 CAD
Sale Type	Investment or Owner User
Sale Conditions	Build to Suit Deferred Maintenance High Vacancy Property Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Condo Open Space Agribusiness Single Family Residence
Total Lot Size	1.47 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RH—MULTI-FAMILY (HIGH DE - RH—MULTI-FAMILY (HIGH DENSITY) (00-UNINCORPORATED)The site currently allows for approximately 5 units per acre with a 35' height limit.