5162 47th Place N, West Palm Beach, FL 33417

$1,498,000
List Price
$1,498,000
Days on Market
7
MLS#
RX-10494233
Status
ACTIVE
Lot Size
161,581
Subtype
Commercial Land
County
Palm Beach
Community
S/D 11-43-42
Subdivision
S/D 11-43-42

Property Description

3 Parcels with multi family zoning preliminary work with a land planner had the parcels on track for approximately 50 units with the City of West Palm Beach. The seller will possibly consider holding a mortgage of 50% of the purchase price during the approval process and construction phases until certificate of occupancy is issued by the City of West Palm Beach to begin lease or sale of the units. The subject property is located across the street from an elementary school to the north. Directly to the east of the subject property is a newly remodeled 72 unit apartment complex. It is also down the street from the new Ballpark of the Palm Beaches and the new Morselife towers with high end senior living complex.

Additional Information

Front Exposure
N
Total Unitsin Bldg
3
Lot Description
3 to < 5 Acres
Taxes
$5,067
Total Unitsin Bldg
3
Acres
3.70938934803
Lot Description
3 to < 5 Acres
Elementary School
Egret Lake Elementary School

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty/P B.