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$ 1,500,000
Est. payment | /mo
0.52 Acres Lot
$ 1,500,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lee Manor Isles
MLS Listing ID A11844010
HOA Y/N No
Annual Tax Amount $14,702
Tax Year 2024
Lot Size 0.520 Acres
Acres 0.52
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
Community Lee Manor Isles
Area 4210
Exterior
Utilities Available None, Sewer Not Available
Present Use Commercial,Unimproved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer None
Water Public
Others
Tax ID 08434527050000021
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11844010
Listed by RE/MAX 360 Real Estate