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5133 Pine Grove Drive N West Palm Beach FL 33417 MLS #RX-10956921

5133 Pine Grove Drive N
West Palm Beach, FL, 33417
$1,300,000
2 Beds
1 Bathrooms
1,536 SqFt
1.47 Acres
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$1,300,000
5133 Pine Grove Drive N
West Palm Beach, FL, 33417
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Project Description

RARE COMMERCIAL REDEVELOPMENT OPPORTUNITY | 1.47 AcresExceptional investment opportunity just off Haverhill Rd. This 1.47-acre property is located in an Opportunity Zone and zoned for High-Density Multi-Family (RH), allowing for the development of 7-13 units. The site offers private access and use allowance from Haverhill Road, enhancing accessibility and long-term value. Perfect for builders and investors looking to capitalize on West Palm Beach’s growth.Key Features: Future Land Use: High-Density Multi-Family Buildable for 7-13 Units Opportunity Zone with Potential Tax Benefits Private Access/Use Allowance from Haverhill Road Ideal for Multifamily Redevelopment or Assemblage

Property Details

Price:
$1,300,000
MLS #:
RX-10956921
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Detached
Listed Date:
Feb 5, 2024
Finished Sq Ft:
1,536
Lot Size:
64,190 sqft / 1.47 acres (approx)
Year Built:
1962
Hope-centennial Elementary SchoolBear Lakes Middle SchoolPalm Beach Lakes High School2.5%

Schools

Elementary School:
Hope-Centennial Elementary School
Middle School:
Bear Lakes Middle School
High School:
Palm Beach Lakes High School

Interior

Pets Allowed
Yes

Exterior

Garage Spaces
2.00
Homeowners Assoc
None
Storm Protection: Accordion Shutter
Complete
Total Floors/Stories
1.00

Financial

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Map

Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
5133 Pine Grove Drive N
West Palm Beach, FL