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    3222 Military Trl Palm Springs, FL 33461

    Sponsored
    For Sale
    $5,000,000

    Prime 1.24-acre redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.24-acre property, located at 3222 S Military Trail in Lake Worth, Florida (zip code 33461), presents a compelling redevelopment opportunity. The land, with APN 70-42-44-24-05-000-0030, is zoned through Palm Springs and is currently under consideration for commercial redevelopment, offering a wide range of potential uses, including mixed-use or multi-family developments. The asking price is $5,000,000, translating to $92.35 per square foot. Two connected parcels comprise the total acreage. The property boasts excellent visibility and accessibility, fronting both Military Trail and 10th Avenue, with additional access from Marilyn Drive. Currently, over 10,000 square feet of existing improvements are utilized by a commercial packing company. This strategic location offers unparalleled convenience, situated less than three miles from I-95 and less than six miles from Florida's Turnpike. Furthermore, its proximity to a public high school (two blocks away) adds to its appeal. Adjacent lots may be available for negotiation. Detailed information is available upon request.

    Property Features for 3222 Military Trl

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • $5,000,000 asking price.
    • 1.24‑acre land parcel in Lake Worth, Florida.
    • Zoned for commercial redevelopment, allowing for mixed‑use or multi‑family development.
    • Excellent location with frontage on Military Trail and 10th Ave, offering high visibility and accessibility.
    • Less than 3 miles from I‑95 and 6 miles from the Florida Turnpike.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.112486
    Latitude
    26.630021

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    FAQs

    What type of property is this?
    Land - Prime 1.24-acre redevelopment opportunity.
    Where is this land located?
    The property is located at 3222 Military Trl Palm Springs, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price.; 1.24-acre land parcel in Lake Worth, Florida.; Zoned for commercial redevelopment, allowing for mixed-use or multi-family development.
    Request Owner's contact information
    3222 Military Trl Palm Springs, FL 33461
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    Palm Springs, FL 33461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3222 Military Trl Palm Springs, FL 33461
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