For Sale
$1,600,000

3312 BroadwayWest Palm Beach, FL 33407

.43-acre lot, high-density zoning.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.43-acre vacant land parcel, located at 3312 Broadway in West Palm Beach, Florida (zip code 33407), presents a unique investment opportunity. The property, with APN 74-43-43-09-05-025-0100, boasts a prime location in the rapidly developing Northwood Village neighborhood, known for its trendy retail, diverse restaurants, and ample public spaces. Zoned BMUD-I, this rectangular lot offers 18,700 square feet of developable land suitable for high-density residential or mixed-use development. Its strategic location offers easy access to downtown West Palm Beach, beaches, Brightline, and I-95. The property benefits from its designation as a Federally Qualified Opportunity Zone, providing substantial tax advantages for investors. Furthermore, the proximity to the upcoming "Northwood Square" project—a large-scale development featuring apartments and commercial space—further enhances its potential. The strong rental market and underserved apartment demand in West Palm Beach, coupled with recent significant investments in local infrastructure, make this a compelling opportunity for developers seeking to capitalize on the area's growth trajectory. The property's vacant and rectangular shape allows for efficient design and development, maximizing its potential value. The asking price is $1,600,000.

Highlights

  • Prime location in West Palm Beach's thriving Northwood Village, near trendy retail and restaurants.
  • Excellent access to Downtown West Palm Beach, beaches, Brightline station, and I-95.
  • Qualified Opportunity Zone (QOZ) designation provides significant tax advantages for investors.
  • Significant recent infrastructure investment and ongoing large-scale development in the area.
  • Strong rental market and high demand for apartments support dense urban development.
  • Underserved apartment market fueled by strong population growth.

Property Details for 3312 Broadway

Property type
Land
Lot Size (sq. ft)
18,731 SF

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.74305
Longitude
-80.056319
3312 Broadway, West Palm Beach, Florida

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3312 Broadway
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