Rare opportunity to own a large 5.84 Acre parcel of undeveloped land in West Palm Beach, Florida located just off Forest Hill Blvd and Congress Ave. Priced at $6,250,000 (approx. $1,070,205 an Acre). The Zoning classification is Residential Multi family (RM). The property is designated with Medium Density Residential land use which allows up to 10 du/acres, for a maximum of 58 residential dwelling units. The property is landlocked with a deeded undeveloped access easement off Lone Pine Way that must be completed for development. I 95 is only 1 mile away, Palm Beach International Airport and vibrant Downtown West Palm Beach less than 6 miles away. Just minutes from major grocery stores, Hospitals, top rated golf courses, and more!
Rare opportunity to own a large 5.84 Acre parcel of undeveloped land in West Palm Beach, Florida located just off Forest Hill Blvd and Congress Ave. Priced at $6,250,000 (approx. $1,070,205 an Acre). The Zoning classification is Residential Multi family (RM). The property is designated with Medium Density Residential land use which allows up to 10 du/acres, for a maximum of 58 residential dwelling units. The property is landlocked with a deeded undeveloped access easement off Lone Pine Way that must be completed for development. I 95 is only 1 mile away, Palm Beach International Airport and vibrant Downtown West Palm Beach less than 6 miles away. Just minutes from major grocery stores, Hospitals, top rated golf courses, and more!
Features
Building and Construction
Fencing: Fenced
Land Information
Lot Features: Many Trees
Utilities
Road Frontage Type: Easement
Utilities: None, Other
Finance and Tax Information
Tax Year: 2024
Other Features
Legal Description: 7-44-43~ E 1/4 OF NW 1/4 OF SE 1/4 LYG S OF & ADJ TO L-7 CNL R/W (LESS S 532.19 FT)
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