11
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$1,500,000
Est. payment /mo
0.52 Acres Lot
Pending
Address not disclosed Boynton Beach, FL 33435
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Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Lee Manor Isles
MLS Listing ID A11844010
HOA Y/N No
Annual Tax Amount $14,702
Tax Year 2024
Contingent Other
Lot Size 0.520 Acres
Acres 0.52
Property Description
“Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use”. The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 SF of land area, up to 4 stories, and FAR of 2.5 (±56,670 buildable SF), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor. CRA = LOWER BASIS + FASTER APPROVALS: • Public incentives can offset development costs and improve returns. • Reduced effective land basis through grants and reimbursements. • Municipality aligned with redevelopment and higher density. • Streamlined approvals within a pro-development framework. • Strong public investment driving rent growth and absorption. • Active pipeline of CRA-backed projects validating the submarket.
Location
State FL
County Palm Beach
Community Lee Manor Isles
Area 4210
Exterior
Utilities Available None, Sewer Not Available
Private Pool Yes
Building
Lot Description <1 Acre
Sewer None
Water Public
Others
Tax ID 08434527050000021
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11844010
Listed by RE/MAX 360 Real Estate
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