West Palm Beach Development
For Sale
Contact for pricing
5133 Pine Grove Dr, West Palm Beach, FL 33417
1.47-acre property zoned residential with future commercial potential.
Property SizeContact for details
Lot Size1.47 Acres
Days on Market801
Property Features for 5133 Pine Grove Dr
General Information
Standard status
Active
Lot size
1.47 Acres
Property subtype
Land, Mixed Use, Multifamily, Self Storage
Zoning
High Density Multifamily — 13 Units
Investment Type
Redevelopment
Building Details
Units
13
Listing Agency:
BitRealty
Listed By:
Tiffani Luckey · License #L2008164623
Source:
Crexi
Added: May 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:14AM
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 BitRealty
Investment Insights
Based on property information with market context.
Located at 5133 Pine Grove Dr. in West Palm Beach, FL, this 1.47-acre property presents a real estate opportunity. Currently zoned residential, the property has future potential for mixed-use commercial development. The city has indicated that acquiring adjacent properties could allow for the construction of a private road, providing direct access to Haverhill, which may permit greater building density and value. Situated within an Opportunity Zone, this property offers potential tax advantages and expedited permitting, making it a long-term investment. Future zoning allows for High Density Multi-Family use, with the potential to build 7-13 units in its current state. There is an assemblage opportunity to increase buildable use and density with road access from Haverhill.
Key Highlights
- Prime real estate opportunity in West Palm Beach, FL.
- 1.47‑acre property in an Opportunity Zone with potential tax advantages and permitting expedition.
- Future zoning as High Density Multi‑Family, allowing for 7‑13 units as it sits now.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 33417, FL
34,153
Population
20,450
Households
1.7
Avg Household Size
48
Median Age
26%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
5,175
Density / Sq Mi
$50,077
Median Household Income
$35,036
Median Earnings
$1,533
Median Rent
$159,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 1.47-acre property zoned residential with future commercial potential.
Where is this land located?
The property is located at 5133 Pine Grove Dr West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime real estate opportunity in West Palm Beach, FL.; 1.47‑acre property in an Opportunity Zone with potential tax advantages and permitting expedition.; Future zoning as High Density Multi‑Family, allowing for 7‑13 units as it sits now.
