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Investment Highlights

  • Six properties totaling 12.92 acres of redevelopment land

Executive Summary

Six properties totaling 12.92 acres of redevelopment land. Zoning is RM: Multi-Family Medium Density in Unincorporated Palm Beach County. Multi-Family or CLF/AFL/Rehab Facility uses allowed. MF could allow for up to 22 units per acre (284 units) and CLF/AFL/Rehab zoning currently allows for one bed per 1,000 square feet of land (563 beds). Opportunity to add two additional contiguous parcels for a total of 14.15 acres (00-42-43-35-02-004-0010 and 00-42-43-35-02-004-0180) and increase the Wallis Road frontage to approx. 425'.

Property Facts Under Contract

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 12.92 AC
No. Stories 1
Zoning MF - Multiple Family

1 Lot Available

Lot

Lot Size 12.92 AC

12.92 acres of redevelopment land with a possible increase to 14.15 acres for additional density. Multi-Family or CLF/AFL/Rehab Facility uses allowed as outlined in the "Sale Notes" and "Property Information" sections.

Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00-42-43-35-02-005-0010
  • 00-42-43-35-02-004-0100
  • 00-42-43-35-02-006-0010
  • 00-42-43-35-02-005-0030
  • 00-42-43-35-02-005-0020
  • 00-42-43-35-02-006-0070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,890,318 CAD
  • Listing ID: 25673616

  • Date on Market: 2022-05-10

  • Last Updated:

  • Address: 5383 Wallis Rd, West Palm Beach, FL 33415

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