5262 Stacy StWest Palm Beach, FL 33417

Property Details for 5262 Stacy St

Lot size

1.90 AC

Property type

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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