Multi-Family Development
For Sale
$2,600,000
Pending
5321 Maine Street, Lake Worth, FL 33461
1.81-acre, multi-family zoned site with an approved plan for 88 one-bedroom units and 4 two-bedroom units.
Property SizeContact for details
Lot Size1.81 Acres
Days on Market113
Property Features for 5321 Maine Street
General Information
Standard status
Pending
Lot size
1.81 Acres
Property subtype
Land
Zoning
Urban Infill
Additional Details
Multifamily Units
92
Taxes and HOA fees
Annual Taxes
$6,855
Listing Agency:
KW Innovations
Listed By:
Ahmed Abdeldayem PA · License #3309101
(305) 801-5871
Source:
Laerrealty
Added: Jul 7
Changed: Oct 25
Last Checked: Oct 26 at 1:00PM
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 KW Innovations
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Investment Insights
Based on property information with market context.
This 1.81-acre parcel at 5321 Maine Street is zoned Multi-Family Urban Fill and is set up for multi-family residential development. The property includes an approved site plan calling for 88 one-bedroom, one-bathroom units and 4 two-bedroom, one-bathroom units.
The site is located in an urban area and is described as offering access to amenities and infrastructure, supporting a development concept designed for higher-density housing.
For developers and operators looking to build from an approved layout, this offering provides a clear unit mix and a defined planning framework for a multi-family project on a consolidated tract. The approved plan includes both one-bedroom and two-bedroom homes, which can be used to support a tenant base seeking a combination of smaller and larger floorplans within the same development.
The site is located in an urban area and is described as offering access to amenities and infrastructure, supporting a development concept designed for higher-density housing.
For developers and operators looking to build from an approved layout, this offering provides a clear unit mix and a defined planning framework for a multi-family project on a consolidated tract. The approved plan includes both one-bedroom and two-bedroom homes, which can be used to support a tenant base seeking a combination of smaller and larger floorplans within the same development.
Key Highlights
- 1.81‑acre lot zoned Multi‑Family Urban Fill for high‑density residential development
- Approved site plan for 88 one‑bedroom, one‑bathroom units
- Approved site plan for 4 two‑bedroom, one‑bathroom units
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Lease Details
92
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.81-acre, multi-family zoned site with an approved plan for 88 one-bedroom units and 4 two-bedroom units.
Where is this residential land & home lot located?
The property is located at 5321 Maine Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 1.81‑acre lot zoned Multi‑Family Urban Fill for high‑density residential development; Approved site plan for 88 one‑bedroom, one‑bathroom units; Approved site plan for 4 two‑bedroom, one‑bathroom units
