16651 Van Gogh Blvd Loxahatchee, FL 33470

This exceptional 5-acre parcel, located at 16651 Van Gogh Blvd, Loxahatchee, FL 33470 (Palm Beach County), presents a remarkable investment opportunity. Currently zoned for Commercial or Residential Live Local (22 du/a), this property offers significant development potential. Situated in a rapidly growing area of Wellington, Florida, it's part of a recently annexed 250-acre tract with over 11,000 homes under development. The property's strategic location makes it suitable for various uses, including commercial, light industrial, self-storage, and retail. A substantial 185,000 square foot project is feasible across the entire acreage. The lot is sub-dividable, allowing for the creation of 2-3 acre parcels. A potential self-storage facility could encompass approximately 110,000 square feet, while residential development could yield around 110 units under the Live Local designation. The area boasts a high average household income of $107,000. By December 2024, the property will be designated Commercial General zoning, with land use and comprehensive plan approvals already in place. The streamlined approval process eliminates the need for commission hearings, ensuring a clear path for developers. The asking price is $5,000,000 and is eligible for a 1031 exchange. The APN is 00-40-43-36-00-000-2370.