11255 Ellison Wilson Rd North Palm Beach, FL 33408
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.