5262 Stacy StWest Palm Beach, FL 33417

Property Details for 5262 Stacy St

Lot size

1.90 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 1.9-acre parcel in West Palm Beach, Florida, presents a remarkable multifamily investment opportunity. Located at 5262 Stacy St, zip code 33417, within Palm Beach County, this commercially and residentially zoned property (RH—MULTI-FAMILY (HIGH DENSITY) (00-UNINCORPORATED)) is primed for immediate development. Approved plans are in place for a three-story building encompassing 49 residential units, offering significant potential for immediate returns. The property's high-density zoning allows for the possibility of increasing unit density through workforce housing applications, further enhancing its investment appeal. The asking price is $2,499,000. Seller financing is available, requiring as little as 10% down payment, making this an attractive proposition for investors seeking a flexible acquisition strategy. This vacant land is ready for construction, eliminating lengthy permitting delays and allowing for a swift commencement of the project. The property's strategic location in West Palm Beach offers excellent access to amenities, transportation, and a thriving rental market. This is a rare chance to acquire a fully approved, high-density multifamily development site in a desirable Florida location.

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6979

Longitude

-80.1241

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