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1200 E Blue Heron Boulevard

Riviera Beach, FL 33404
  • $8,250,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: RX-10854429
UPDATED: 42 min ago
$8,250,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

The three parcels making up this assemblage are currently zoned Multifamily and Office Professional. The highest and best use for this 1.5 Acre site is likely luxury condo development. With a five-story office building next door, a minimum of 5 stories and 40 condos would likely be approved. Entitlements for 8-12 stories are not out of the realm of possibility as the neighboring Ritz-Carlton Residences consist of 27 stories right across the street. The location is steps to the beach and minutes to Downtown West Palm Beach and the Palm Beach International Airport. With cash flowing assets in place, the Buyer can take their time with development plans and collect over $350,000 per year in rents. This purchase offers immediate cash flow and an incredible development opportunity going

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www.palmbeachcountyluxurylistings.com/homes/135634965
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1200 E Blue Heron Boulevard Riviera Beach, FL 33404

  • Price: $8,250,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 42 min ago
  • ID#: RX-10854429
0
Beds
0
Baths
0
½ Baths
1.5
Acres
Neighborhood:
Palm Beach Shores
County:
Palm Beach
Area:
Riviera Beach
Property Description
The three parcels making up this assemblage are currently zoned Multifamily and Office Professional. The highest and best use for this 1.5 Acre site is likely luxury condo development. With a five-story office building next door, a minimum of 5 stories and 40 condos would likely be approved. Entitlements for 8-12 stories are not out of the realm of possibility as the neighboring Ritz-Carlton Residences consist of 27 stories right across the street. The location is steps to the beach and minutes to Downtown West Palm Beach and the Palm Beach International Airport. With cash flowing assets in place, the Buyer can take their time with development plans and collect over $350,000 per year in rents. This purchase offers immediate cash flow and an incredible development opportunity going
Exterior Features

Front Exposure South Ground Cover Other Improvements CurbDrainageSidewalkUtility Building Lot Description 1 To < 2 Acres Roads City/County Maint.Paved Trees None Waterfront YN No

Property Features

Auction No Available Docs None Development Status Recorded Plat Homeowners Association None Land Type Commercial Land List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach AreaCentral Business DstCity Min Living Sq Ft Restrictions 4624.00 REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style CommercialMulti-Family High DeMulti-Family Med Den Tax Amount 45866.40 Tax Year 2022 Terms Considered CashExchangeLease OptionLease Purchase Utilities Available CableElectricMunicipal SewerOther SewerPublic WaterTrash Removal Utilities On Site CableElectricElectric Service AvailableMunicipal SewerPublic WaterSewer Zoning Op(Cit

Listing provided courtesy of Coldwell Banker Realty /Delray Beach: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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