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1340 Longwood St - Longwood Multifamily Assemblage 0.53 Acres of Residential Land Offered at $2,195,000 in West Palm Beach, FL 33401
Investment Highlights
- Multifamily Development Site
- Currently improved with three income-producing homes generating approximately $7,700 in monthly rental revenue, providing interim cash flow
- Convenient access to I-95 and Palm Beach International Airport, ensuring connectivity to regional business and leisure hubs.
- Four contiguous parcels located in the Mercer Park neighborhood of West Palm Beach, offering a rare infill development opportunity.
- Located minutes from Downtown West Palm Beach, major employment centers, and lifestyle destinations including The Square and the waterfront.
Executive Summary
This offering consists of four contiguous parcels forming a multifamily development assemblage in the Mercer Park neighborhood of West Palm Beach. The site is zoned MF14 and includes preliminary plans for a 12-unit development, incorporating a workforce housing density bonus. It is currently improved with three income-producing houses that collectively generate approximately $7,700 per month. All parcels are being sold together as a single assemblage.
Seller prefers to sell parcels together. Development feasibility details and preliminary plans are available upon request. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach
Seller prefers to sell parcels together. Development feasibility details and preliminary plans are available upon request. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach
Property Facts
| Price | $2,195,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.53 AC |
| No. Lots | 1 | Year Built | 1955 |
| Property Type | Land | ||
| Zoning | MF-14 - Multifamily | ||
| Price | $2,195,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.53 AC |
| Year Built | 1955 |
| Zoning | MF-14 - Multifamily |
1 Lot Available
Lot
| Price | $2,195,000 | Lot Size | 0.53 AC |
| Price Per AC | $4,141,509.43 |
| Price | $2,195,000 |
| Price Per AC | $4,141,509.43 |
| Lot Size | 0.53 AC |
Four-parcel multifamily assemblage in Mercer Park, West Palm Beach. Zoned MF14 with plans for 12 units and potential workforce housing bonus. Improved with three houses generating about $7,700 monthly. Sold as one package.
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $719,322 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$719,322
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1340 Longwood St - Longwood Multifamily Assemblage
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