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16405 441/Southern Blvd
Wellington, FL 33470
11 AC MULTIFAMLY COMMERCIAL WELLINGTON · Land For Sale
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10.00 AC
INVESTMENT HIGHLIGHTS
- 704 FEET FRONTING 441/SOUTHERN BLVD
- OVER 16,000 NEW SINGLE FAMILY HOMES IN AREA
- DOT APPROVED INGRESS/EGRESS
- COMMERCIAL/MULTIFAMILY WELLINGTON ZONING
EXECUTIVE SUMMARY
The Village of Wellington is the fifth-largest municipality in Palm Beach County by population and one of the most successfully high end crafted communities in Florida. Know for its abundant parks, quality schools, attractive neighborhoods and equestrian interests. The median income in the area is $101,871 and is expected to increase to $113,114 in the next five years. The annexation comes amid a development boom that has made the once-rural western communities one of the fastest growing areas in Palm Beach County with 16,000 new residences either approved or being built according to the marketing study commissioned by the Village of Wellington.
The study examined an area with a five-mile radius from 441/Southern and Seminole Pratt Whitney, extending from Twenty-Mile Bend to Royal Palm Beach and from Wellington to Westlake. It found the area's population of almost 60,000 is expected to rise as high as 112,000, bigger than Boca Raton and nearly as big as West Palm Beach by 2028, according to the study. Nearby is the famous Wellington Green Mall along with Whole Foods. Some new residential developments include Arden, West Lake, Avenir, Lotis, Crosswind and Kolter
This 11+ acre property has recently been annexed into Village of Wellington with a generous CC Community Commercial zoning that allows for Retail centers, Auto Sales, Self Storage, Professional, "LLA" Multifamily @ 22 per acre and General Commercial development(see attached matrix). All utilities conveniently run along the property and being previously under contract, the Due Diligence was completed. Property is free and clear of any HOA or title issues
*THE SELLER WILL ONLY ACCEPT FARBAR CONTRACT OFFERS ALONG WITH A DEPOSIT, PLEASE NO LOI. PRICED FOR A QUICK CLOSE. Please inquire with Wellington Planning and Zoning as to eventual use before submitting any offers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 6 & 7
| Price | $12,500,000 | Lot Size | 10.00 AC |
| Price Per AC | $1,250,000.00 |
| Price | $12,500,000 |
| Price Per AC | $1,250,000.00 |
| Lot Size | 10.00 AC |
11+ Acre Commercial/Multifamily Site with 704' fronting 441/Southern Blvd/SR 80, Wellington, Fl. Parcel was previously 100% cleared & leveled. No wetlands or native trees. DOT approved entrance/exit. Most easements removed. All utilities by the site.
DESCRIPTION
The only available 11+ Acre Commercial/multifamily Development site directly fronting 441/Southern Boulevard/SR 80 in Wellington, Florida. The parcel features outstanding visibility featuring 704 linear feet along 441/Southern Blvd, with additional ingress/egress from Rembrandt Road. The 11 acre site features direct access to county water, sewer, natural gas, FPL and fiber optic along 441/Southern. A recent clean environmental and DOT approved ingress/egress from 441/Southern Blvd among other completed Due Diligence make this parcel ready to build. The site has been previously 100% cleared and leveled with no native trees or wetlands. Just east of the busy signalized intersection of Seminole Pratt Whitney Road. With a current AADT of over 55,000 441/Southern Boulevard has recently expanded to 6 travel lanes to accommodate the area's exploding new residential growth.
PROPERTY TAXES
| Parcel Number | 00-40-43-36-00-000-2060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $577,619 |
PROPERTY TAXES
