0 Hadjes Dr Wellington, FL 33467
This exceptional 2.2-acre commercial land parcel presents a unique investment opportunity in Lake Worth, Florida (unincorporated Palm Beach County). Boasting approximately 218 feet of frontage on Hadjes Drive, this property offers excellent visibility and accessibility. Its strategic location just off Lake Worth Road, a major thoroughfare with an AADT of 42,000 (2022 FDOT data), and its proximity to the Florida Turnpike ramp (AADT 83,000, 2022 FDOT data) ensure high traffic exposure. The site is situated within a densely populated area, with over 277,000 residents within a 5-mile radius. Currently zoned RM - Multi-Family (Medium Density), the property is part of a larger development, and its current permitted uses, subject to necessary approvals, include a wide range of civic uses such as daycare, places of worship, congregate living facilities, schools, assembly spaces, skilled nursing or residential treatment facilities, and government services. Interested parties should independently verify permitted uses with Palm Beach County Planning & Zoning. The asking price for this remarkable property is $1,500,000. The APN is 00424327050231100. This is an unparalleled chance to acquire a substantial land holding in a high-growth area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.