For Sale
$2,349,000

8087 Palomino DrWellington, FL 33467

6.335 Acres, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This 6.335-acre agricultural property in Wellington, Florida, is ideally situated between Lake Worth Road and Forest Hill Boulevard, offering convenient access to the Florida Turnpike. Currently zoned AR-Agricultural Residential, it features 5,559 square feet of warehouse storage and 441 square feet of office space, built in 1993. The property boasts 301 feet of frontage on Palomino Drive and is fully fenced with existing paving and asphalt. Currently operating as a successful agricultural nursery and landscaping business, this land presents an immediate income-producing opportunity for an owner-user, with potential for subleasing. Its prime location makes it suitable for continued agricultural use, or redevelopment into single-family residential properties. The property offers excellent accessibility via Arrowhead Drive and Crockett Way (north) and Palomino Drive (south). The seller is open to owner financing with a 50% down payment, interest-only monthly payments, and a balloon payment due 36 months post-closing. The surrounding area shows strong growth potential, with a median household income of $64,331 within one mile and an estimated population growth of 1.60% over the next few years. The property is located in Palm Beach County, near the coastal city of Lake Worth Beach.

Highlights

  • $2,349,000 asking price for 6.335 acres of agricultural land.
  • Located in Wellington, Palm Beach County, Florida, with addresses at 8087 Palomino Dr and Crockett Way.
  • AR-Agricultural Residential zoning.
  • Includes existing 5,559 sq ft warehouse and 441 sq ft office space.
  • Prime location near Florida Turnpike, with frontage on Palomino Drive.

Property Details for 8087 Palomino Dr

Property type
Land, Farms
Lot Size (sq. ft)
275,953 SF

Location Insight

City
Wellington
County
Palm Beach
State
Florida
Latitude
26.6293564
Longitude
-80.1754391
8087 Palomino Dr, Wellington, Florida

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8087 Palomino Dr
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