About 5133 Pine Grove Drive
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!
Features of 5133 Pine Grove Drive
| MLS® # | B26007262 |
|---|---|
| Price | $1,400,000 |
| Acres | 1.47 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5133 Pine Grove Drive |
|---|---|
| Area | 5500 |
| City | West Palm Beach |
| County | Palm Beach |
| State | FL |
Amenities
| Utilities | Electricity Available, Water Available |
|---|---|
| Parking | Boat Access/Parking |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air |
| # of Stories | 1 |
Exterior
| Roof | Mixed |
|---|---|
| Construction | CBS |
Additional Information
| Zoning | RH |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX of Stuart |
|---|