5133 Pine Grove Drive, West Palm Beach FL 33417

About This Property

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!

Property Details

Property Type

Multi Family

Status

Active

MLS #

B26007262

Building Area

1,536 SF

Lot Size

64,190 SF

Year Built

1962

Zoning

RH

Days on Market

147

Price

$1,300,000