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5133 Pine Grove Drive N, West Palm Beach, FL – $1,300,000

  • 2 Beds
  • 1 Bath
  • 800 Sqft
  • 1.47 Acres
  • 2 Beds
  • 1 Bath
  • 800 Sqft
  • 1.47 Acres

5133 Pine Grove Drive N

RARE COMMERCIAL REDEVELOPMENT OPPORTUNITY | 1.47 AcresExceptional investment opportunity just off Haverhill Rd. This 1.47-acre property is located in an Opportunity Zone and zoned for High-Density Multi-Family (RH), allowing for the development of 7-13 units. The site offers private access and use allowance from Haverhill Road, enhancing accessibility and long-term value. Perfect for builders and investors looking to capitalize on West Palm Beach's growth.Key Features: Future Land Use: High-Density Multi-Family Buildable for 7-13 Units Opportunity Zone with Potential Tax Benefits Private Access/Use Allowance from Haverhill Road Ideal for Multifamily Redevelopment or Assemblage

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Essential Information

  • MLS® #RX-10956921
  • Price$1,300,000
  • Bedrooms2
  • Bathrooms1.00
  • Full Baths1
  • Square Footage800
  • Acres1.47
  • Year Built1962
  • TypeResidential
  • Sub-TypeSingle Family Homes
  • StatusActive

Community Information

  • Address5133 Pine Grove Drive N
  • Area5500
  • SubdivisionN/A
  • CityWest Palm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33417

Amenities

  • AmenitiesExtra Storage, Workshop
  • # of Garages2
  • WaterfrontNone

Utilities

Cable, 3-Phase Electric, Public Sewer, Septic, Lake Worth Drain Dis

Parking

2+ Spaces, Garage - Detached, Open, RV/Boat

Interior

  • HeatingWindow/Wall
  • CoolingWall-Win A/C
  • # of Stories1
  • Stories1.00

Interior Features

Built-in Shelves, Pantry, Walk-in Closet, Stack Bedrooms

Appliances

Auto Garage Open, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range - Electric, Refrigerator, Washer, Water Heater - Elec, Smoke Detector, Freezer, Generator Hookup, Storm Shutters, Washer/Dryer Hookup

Exterior

  • Lot Description1 to < 2 Acres, Private Road
  • RoofMixed
  • ConstructionCBS, Frame/Stucco

Exterior Features

Covered Patio, Screened Patio, Fruit Tree(s), Shutters, Room for Pool

School Information

  • MiddleBear Lakes Middle School
  • HighPalm Beach Lakes High School

Elementary

Hope-Centennial Elementary School

Additional Information

  • Listing Courtesy ofBitRealty
  • Date ListedFebruary 5th, 2024
  • ZoningHigh Density HR
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