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.
Details
| MLS # | A11844010 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 408 |
| Listing Provided By | RE/MAX 360 Real Estate | Agustin Duarte |
Features
| Zoning | C1 |
|---|---|
| Acreage | 0.52 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 14702 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Boynton Beach |
| Zip Code | 33435 |
| Area | 4210 |
| Subarea | Palm Beach 4200; 4210; 4320; 4330; 4340; 4350 |
| Community Name | LEE MANOR ISLES |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Boynton Beach |
| Zip Code | 33435 |
| Area | 4210 |
| Subarea | Palm Beach 4200; 4210; 4320; 4330; 4340; 4350 |
| Community Name | LEE MANOR ISLES |
