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Listed by Douglas Elliman
$2,995,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID RX-11126987
HOA Y/N No
Annual Tax Amount $1,918
Tax Year 2024
Lot Size 0.328 Acres
Property Sub-Type Commercial Land
Property Description
**UNMATCHED Opportunity in Downtown West Palm Beach!**Acquire two PRIME lots totaling over 20,000 SF at 902 2nd Street (14,300 SF) and 914 2nd Street (7,148 SF), zoned QBD3. This .49-ACRE site offers a Floor Area Ratio (FAR) of 1, with potential to increase to 2.5 FAR through the acquisition of Transfer of Development Rights (TDRs), allowing for up to 5 STORIES or 50 feet in height.Versatile development options include Multi-Family, Live/Work, Retail, Office, Hotel, and Restaurant- no density limits. Strategically located near the new NORA development, BrightLine, CityPlace, Ritz Carlton, and booming Downtown West Palm Beach, this is a once-in-a-lifetime investment opportunity. Additional opportunities exist to expand this assemblage to OVER 1 ACRE; details on request.
Location
Subdivision West Palm Beach
State FL
County Palm Beach
Community Nora
Area 5420
Zoning QBD-3(
Exterior
Utilities Available Electric Service Available
Exposure North
Building
Lot Description 1/4 to 1/2 Acre
Others
Acceptable Financing Will Rent
Horse Property No
Listing Terms Will Rent
Financing Will Rent
Virtual Tour https://www.propertypanorama.com/902-2nd-Street-West-Palm-Beach-FL-33401--RX-11126987/unbranded
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