Prime Multifamily Development Opportunity - RM Zoning | MR-5 Future Land Use Exceptional vacant lot located in the RM (Residential Multifamily) zoning district with an MR-5 Future Land Use designation, offering strong development potential. The property measures approximately 89' x 148' (13,172± SF), providing a functional footprint for multifamily construction. Currently allows up to 2 units by right, with potential for increased density through the purchase of Transfer of Development Rights (TDR) (buyer to verify with municipality). Ideal for builders or investors seeking to maximize yield in a high-demand rental market. Strategically positioned within walking distance to restaurants, schools, shopping centers, medical offices, and pharmacies -- a highly desirable location for future
| MLS # | R11167649 |
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| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 180 |
| Listing Provided By | Gulfstream Real Estate Solutions, Inc | Taujhae Oladejo |
| Zoning | RM—MULTI-FAMILY |
|---|---|
| Acreage | 0.30 |
| Lot Features | Cleared, City Lot, Other, Rural Lot, Quarter To Half Acre Lot |
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| Tax Annual Amount | 7115 |
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| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33417 |
| Area | 5400 |
| Community Name | MILITARY PARK DIEKHANS ADD |
| Listing VS Median (in MILITARY PARK DIEKHANS ADD) | |
Price: $369,900 low | high Med: $2,000 On site: 180 low | high Med: 299 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33417 |
| Area | 5400 |
| Community Name | MILITARY PARK DIEKHANS ADD |
| Listing VS Median (in MILITARY PARK DIEKHANS ADD) | |
Price: $369,900 low | high Med: $2,000 On site: 180 low | high Med: 299 | |