This exceptional 1.11-acre parcel in North Palm Beach, Florida, presents a unique development opportunity. Located at 11255 Ellison Wilson Rd, zip code 33408, in Palm Beach County, this property boasts 115 feet of frontage on the Intracoastal Waterway. The land is zoned RM, permitting multifamily or residential development, and offers significant potential for high-density construction. Its prime location places it directly adjacent to the Palm Beach Ritz Residences, currently under development, and just one block from The Benjamin School, a highly prestigious institution. Access to major transportation routes is readily available. The property's APN is 00434205030000010. This is one of the last remaining vacant lots on the Intracoastal in Palm Beach County, making it a truly rare and valuable acquisition. The potential for expansion exists, with the possibility of acquiring up to 3.75 acres total. This exceptional property offers investors a chance to capitalize on a thriving location and create a significant development.

Property type Land

Lot 1.11 ac (48,352 SF)

UPID US18-0123236

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

11255 Ellison Wilson Rd North Palm Beach, FL 33408

North Palm Beach metro

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0.30 Acres

11961 Us-1

Land

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Value Estimation
$1,505,000

3,529 SF

1919 Doffer Ln

APARTMENT HOUSE (UNDER 5 UNITS)

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Value Estimation
$2,025,000

4,784 SF

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APARTMENT HOUSE (UNDER 5 UNITS)

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Value Estimation
$285,000

0.27 Acres

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MOBILE HOME PARK, TRAILER PARK

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Value Estimation
$62,905,000

150,114 SF

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HIGH-RISE APARTMENTS

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1803 Service Rd

Multifamily properties

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New

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New

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