Multifamily Redevelopment
For Sale
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400 Metcalf Court, West Palm Beach, FL 33407
Twelve multifamily buildings on a 0.76-acre site offers redevelopment optionality in an evolving West Palm Beach area.
Property Size7,644 SF
Lot Size0.76 Acres
Days on Market58
Property Features for 400 Metcalf Court
General Information
Standard status
Active
Size
7,644 SF
Class
B
Lot size
0.76 Acres
Property subtype
Multifamily, Land
Zoning
SF14-C2
Investment Type
Redevelopment
Additional Details
Multifamily Units
12
Building Details
Year Built
1949
Buildings
12
Units
14
Listing Agency:
Colliers - West Palm Beach, Florida
(561) 281-6656
Listed By:
Bastian Schauer · License #FL SL3315028
Source:
Crexi
Added: Jun 15
Changed: Aug 8
Last Checked: Jul 15 at 10:42PM
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 Colliers - West Palm Beach, Florida
Investment Insights
Based on property information with market context.
The property at 400 Metcalf Court is a multifamily redevelopment site improved with twelve multifamily buildings. The buildings are currently occupied under short-term lease arrangements that are described as below-market, providing interim income while preserving flexibility for future redevelopment.
The 0.76-acre property is positioned within an infill area of West Palm Beach. It is located directly across from the planned redevelopment of Rybovich Marina and immediately south of a new 100-home residential community being developed by GL Homes and Huizenga. The site is currently zoned SF-14, and the offering notes potential redevelopment pathways that may include pursuing increased density through rezoning or using Florida’s Live Local Act. The remarks also indicate a potential plan to incorporate Metcalf Road into a future development concept, expanding the overall site area to approximately one acre.
For buyers or developers, the combination of existing multifamily improvements, current short-term occupancy, and rezoning or redevelopment optionality may support a range of redevelopment strategies. The property’s size, current income-producing setup, and surrounding residential and waterfront investment context make it a practical land-play consideration for operators focused on adaptive reuse or planned redevelopment in the area.
The 0.76-acre property is positioned within an infill area of West Palm Beach. It is located directly across from the planned redevelopment of Rybovich Marina and immediately south of a new 100-home residential community being developed by GL Homes and Huizenga. The site is currently zoned SF-14, and the offering notes potential redevelopment pathways that may include pursuing increased density through rezoning or using Florida’s Live Local Act. The remarks also indicate a potential plan to incorporate Metcalf Road into a future development concept, expanding the overall site area to approximately one acre.
For buyers or developers, the combination of existing multifamily improvements, current short-term occupancy, and rezoning or redevelopment optionality may support a range of redevelopment strategies. The property’s size, current income-producing setup, and surrounding residential and waterfront investment context make it a practical land-play consideration for operators focused on adaptive reuse or planned redevelopment in the area.
Key Highlights
- 12 multifamily buildings on a 0.76‑acre site in West Palm Beach
- Interim income from below‑market, short‑term leases while maintaining redevelopment flexibility
- Currently zoned SF‑14, with potential for increased density via rezoning or Florida’s Live Local Act
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
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 - Twelve multifamily buildings on a 0.76-acre site offers redevelopment optionality in an evolving West Palm Beach area.
Where is this apartment building located?
The property is located at 400 Metcalf Court West Palm Beach, FL.
What are key features of this property?
This property features: 12 multifamily buildings on a 0.76‑acre site in West Palm Beach; Interim income from below‑market, short‑term leases while maintaining redevelopment flexibility; Currently zoned SF‑14, with potential for increased density via rezoning or Florida’s Live Local Act
