Condominium Community Redevelopment
For Sale
Contact for pricing
Pending
2800 Georgia Ave, West Palm Beach, FL 33405
Bankruptcy auction offering includes a clubhouse parcel and at least 64 condominium units within an 84-unit community.
Property Size900 SF
Days on Market168
Property Features for 2800 Georgia Ave
General Information
Standard status
Pending
Size
900 SF
Property subtype
Multifamily
Zoning
MF20
Additional Details
Highway Access
Yes
Multifamily Units
84
Building Details
Year Built
1983
Listing Agency:
Avison Young - Fort Lauderdale
Listed By:
David Duckworth · License #FL 699044
(954) 938-1806
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Jul 26 at 8:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - Fort Lauderdale
Investment Insights
Based on property information with market context.
Offered in a U.S. Bankruptcy Auction, the Green Terrace Condominium Association, Inc. portfolio is located within an 84-unit, 13-building condominium community in West Palm Beach, Florida. The offering includes the Property’s Clubhouse Parcel and related rights, along with at least 64 of the 84 condominium units. Note that ownership of 63 units (75%) is required to proceed toward terminating the condominium association.
The community sits just south of downtown West Palm Beach within a dense residential pocket along the US-1 corridor. The remarks cite proximity to retail and amenities including Publix and Amped Fitness, with convenient access to Interstate-95 via Belvedere Road.
Redevelopment paths described in the offering include pursuing a complete redevelopment under existing MF-20 zoning allowing up to 20 du/ac, or leveraging West Palm Beach’s Future Land Use element permitting up to 32 du/ac. The Affordable and Workforce Housing Overlay (AWHO) is also noted as allowing up to 40 du/ac by aligning rents with specific AMI thresholds. An alternative approach described is full-scale rehabilitation of existing units and common areas into rentable apartments or for-sale condominiums, subject to applicable requirements and terms of sale.
The community sits just south of downtown West Palm Beach within a dense residential pocket along the US-1 corridor. The remarks cite proximity to retail and amenities including Publix and Amped Fitness, with convenient access to Interstate-95 via Belvedere Road.
Redevelopment paths described in the offering include pursuing a complete redevelopment under existing MF-20 zoning allowing up to 20 du/ac, or leveraging West Palm Beach’s Future Land Use element permitting up to 32 du/ac. The Affordable and Workforce Housing Overlay (AWHO) is also noted as allowing up to 40 du/ac by aligning rents with specific AMI thresholds. An alternative approach described is full-scale rehabilitation of existing units and common areas into rentable apartments or for-sale condominiums, subject to applicable requirements and terms of sale.
Key Highlights
- 1983‑built Green Terrace Condominium Association, Inc. within an 84‑unit, 13‑building community in West Palm Beach, FL
- Bankruptcy auction: bid deadline April 27, 2026; auction date April 29, 2026 (subject to terms of sale)
- Offering includes the Property’s Clubhouse Parcel (±0.32 AC) and related rights
Property Analytics
Property Profile
Current Use
Lease Details
84
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Bankruptcy auction offering includes a clubhouse parcel and at least 64 condominium units within an 84-unit community.
Where is this apartment building located?
The property is located at 2800 Georgia Ave West Palm Beach, FL.
What are key features of this property?
This property features: 1983‑built Green Terrace Condominium Association, Inc. within an 84‑unit, 13‑building community in West Palm Beach, FL; Bankruptcy auction: bid deadline April 27, 2026; auction date April 29, 2026 (subject to terms of sale); Offering includes the Property’s Clubhouse Parcel (±0.32 AC) and related rights
