2900 Broadway Riviera Beach, FL 33404-2320
- Grocery and convenience stores
- 25,440 SF
- 6.33 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 2900 Broadway
- Year built
- 1956
- Construction
- CONCRETE
- Lot size
- 6.33 lot acres
- Property size
- 25,440 SF
- Zone code
- DC
- Property type
- Grocery and convenience stores
- APN
- 56-43-42-28-19-000-0170
- APU
- 56434228190000170
Description
This exceptional 2.56-acre land parcel in West Palm Beach's vibrant Northwood Village presents a compelling investment opportunity. Located on Broadway, this property comprises up to four contiguous lots, each offering direct frontage and rectangular shape ideal for efficient development. Zoned BMUD-1, the site allows for high-density residential construction, with potential for up to five stories or 72 feet in height. Massing studies suggest the potential for approximately 530 residential units across all four parcels. The property benefits from its location within a Federally Qualified Opportunity Zone, offering significant tax advantages. Surrounded by new high-end residential homes and exciting developments, including the nearby "Northwood Square" project (382 apartments and 63,200 square feet of commercial space), this site is poised for exceptional growth. The area boasts a curated "Work, Live, Play" environment, close proximity to beaches, Brightline, I-95, and Downtown West Palm Beach. Strong in-migration trends and robust rental rates support dense urban development, making this a highly attractive investment prospect. The asking price is $4,500,000. The property's APN is 74434309050230100. Lot sizes range from 0.43 to 2.56 acres.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riviera Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0535
- Latitude
- 26.786
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
