1010 Forest Hill Blvd West Palm Beach, FL 33405
- Land
Current Use by Public Records
- Land
Property Details for 1010 Forest Hill Blvd
- Property type
- Land
Description
This exceptional 6-acre parcel in West Palm Beach, Florida, presents a prime development opportunity. Located at 1010 Forest Hill Blvd, 33405, this property boasts approved plans for a luxurious 86-unit multifamily complex. The site plan, approved by Palm Beach County, includes 62 two-bedroom/two-bathroom units and 24 three-bedroom/two-bathroom units, all designed for upscale living. Each three-bedroom unit will feature a private balcony. The development will consist of six two-story buildings, five with 16 units each and one with 6 units, along with a 1,200 square foot clubhouse. Unit sizes range from 1,070 square feet for the two-bedroom units to 1,410 square feet for the three-bedroom units. Ample parking is provided with 199 spaces. Infrastructure is complete, with roads, driveways, water, and sewer already in place. The asking price for this turnkey development opportunity is $4,800,000. The property is zoned for multi-family use (MF) and offers a significant potential for return on investment. This is a rare chance to acquire a fully permitted project in a thriving West Palm Beach location. The lot size is 270,000 square feet.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0665
- Latitude
- 26.6548
