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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 1,300,000

Est. payment -/mo

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Active

5133 Pine Grove DR West Palm Beach, FL

1,536 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $846

MLS Listing ID B26007262

Construction Status Resale

HOA Y/N No

Year Built 1962

Annual Tax Amount $3,506

Tax Year 2025

Lot Size 1.470 Acres

Acres 1.47

Property Sub-Type Multi Family

Property Description

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!

Location

State FL

County Palm Beach

Area 5500

Zoning RH

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Boat

Utilities Available Electricity Available, Water Available

Water Access Desc Public

Roof Type Mixed

Accessibility None

Total Parking Spaces 2

Building

Lot Description 1-2 Acres

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 00424326000001130

Security Features None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/5133-Pine-Grove-Drive-West-Palm-Beach-FL/unbranded

Listed by Taylor Stanfield RE/MAX of Stuart

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor License ID: SL3570527

+1(781) 801-5885

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