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Listed by LoKation
$2,999,999
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID RX-11129705
HOA Y/N No
Annual Tax Amount $4,711
Tax Year 2024
Property Sub-Type Commercial Land
Property Description
This 0.53-acre three-parcel assemblage is strategically located in the Mercer Park neighborhood of West Palm Beach, minutes from downtown, major transit corridors, and employment centers.Zoned MF14. Under the City of West Palm Beach's Workforce Housing Density Bonus program the property qualifies for up to 64 units per acre. A potential buildout of approximately 34 units (33.92).This is a rare opportunity to secure a well-located multifamily development site in a rapidly growing submarket with strong rental demand. Ideal for workforce housing, market-rate apartments, or a mixed-income infill development.Parcels Included:1335 Wellington St1336 Longwood St1340 Longwood St
Location
Subdivision Mercer Park Repl In
State FL
County Palm Beach
Area 5430
Zoning MF14
Exterior
Utilities Available Cable, Electric, Municipal Sewer, Phone Line, Public Water
Exposure North
Building
Lot Description 1/2 to < 1 Acre
Others
Acceptable Financing Cash, Conventional, Exchange
Horse Property No
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Virtual Tour https://www.propertypanorama.com/1340-Longwood-Street-West-Palm-Beach-FL-33401/unbranded
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