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5383 Wallis Rd - UNDER CONTRACT - Land Development 12.92 Acres of Residential Land in West Palm Beach, FL 33415

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Investment Highlights

Six properties totaling 12.92 acres of redevelopment land

Executive Summary

Six properties totaling 12.92 acres of redevelopment land. Zoning is RM: Multi-Family Medium Density in Unincorporated Palm Beach County. Multi-Family or CLF/AFL/Rehab Facility uses allowed. MF could allow for up to 22 units per acre (284 units) and CLF/AFL/Rehab zoning currently allows for one bed per 1,000 square feet of land (563 beds). Opportunity to add two additional contiguous parcels for a total of 14.15 acres (00-42-43-35-02-004-0010 and 00-42-43-35-02-004-0180) and increase the Wallis Road frontage to approx. 425'.

Property Facts Under Contract

Sale Type	Investment or Owner User	Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior
No. Lots	1	Total Lot Size	12.92 AC
Property Type	Land	No. Stories	1
Property Subtype	Residential
Zoning	MF - Multiple Family

Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Senior
Total Lot Size	12.92 AC
No. Stories	1
Zoning	MF - Multiple Family

1 Lot Available

Lot

Lot Size	12.92 AC

Lot Size	12.92 AC

12.92 acres of redevelopment land with a possible increase to 14.15 acres for additional density. Multi-Family or CLF/AFL/Rehab Facility uses allowed as outlined in the "Sale Notes" and "Property Information" sections.

Links

1 1

Fairly walkable

40/100

Very drivable

80/100

Minimal public transit

10/100

Very bikeable

80/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple 00-42-43-35-02-005-0010 00-42-43-35-02-004-0100 00-42-43-35-02-006-0010 00-42-43-35-02-005-0030 00-42-43-35-02-006-0070 00-42-43-35-02-005-0020	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,377,381

Property Taxes

Parcel Numbers

Multiple

00-42-43-35-02-005-0010
00-42-43-35-02-004-0100
00-42-43-35-02-006-0010
00-42-43-35-02-005-0030
00-42-43-35-02-006-0070
00-42-43-35-02-005-0020

Land Assessment

Improvements Assessment

Total Assessment

$1,377,381

(561) 659-5554

Contact

Kris Hustad
Touchstone Webb Realty Company

Listing ID: 25673616
Date on Market: 5/10/2022
Last Updated:
Address: 5383 Wallis Rd, West Palm Beach, FL 33415

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