Active MLS listing · MLS #B26007262

5133 Pine Grove Drive

West Palm Beach, FL

1 / 12

$1,300,000

-Beds

0Baths

1536SqFt

Property type: Multi Family
Subdivision: -
Year built: 1962

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!

Listing Courtesy of: RE/MAX of Stuart
JAL@remaxofstuart.com

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by BeachesMLS.