5133 Pine Grove Drive
$1,400,000
5133 Pine Grove Drive, West Palm Beach, FL 33417
1,536 sqft
Building Size
1962
Year Built
Details:
Highlights:
- Lot Features: 1 To Less Than 2 Acre Lot
- Bathrooms Total: 0
- Documents Available: Other Documents Available
- Cooling: Central Air
- Heating: Central
- Electric: Other Electric
- Construction Materials: CBS Construction
- Parking Features: Rv/Boat Parking
- Security Features: No Fire Protection, No Security
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
Gallery
