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David Cohen

davidcohenrealty@gmail.com +1(305) 733-2218

$ 1,500,000

Est. payment | -/mo

0.52 Acres Lot

Save Virtual Tour

$ 1,500,000

Est. payment | -/mo

Save Virtual Tour

0.52 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Pending

Purchase Type For Sale

Subdivision Lee Manor Isles

MLS Listing ID A11844010

HOA Y/N No

Annual Tax Amount $14,702

Tax Year 2024

Contingent Other

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type Unimproved Land

Property Description

“Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use”. The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 SF of land area, up to 4 stories, and FAR of 2.5 (±56,670 buildable SF), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor. CRA = LOWER BASIS + FASTER APPROVALS: • Public incentives can offset development costs and improve returns. • Reduced effective land basis through grants and reimbursements. • Municipality aligned with redevelopment and higher density. • Streamlined approvals within a pro-development framework. • Strong public investment driving rent growth and absorption. • Active pipeline of CRA-backed projects validating the submarket.

Location

State FL

County Palm Beach

Area 4210

Zoning C1

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available None, Sewer Not Available

View Y/N Yes

Water Access Desc Public

View Beach

Present Use Unimproved

Road Frontage County Road

Building

Lot Description City Lot

Water Public

Schools

Elementary Schools Forest Park

Middle Schools Congress

High Schools Boynton Beach

Others

Tax ID 08434527050000021

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11844010

Listed by Agustin Duarte RE/MAX 360 Real Estate

Address not disclosed Boynton Beach, FL 33435