Log In/Sign Up
Your email has been sent.
400 Metcalf Ct 14 Unit Apartment Building For Sale West Palm Beach, FL 33407
Investment Highlights
- Positioned Between Major Growth Catalysts
- Transformational Redevelopment Opportunity
- Path to Expanded Development Footprint
- Located directly across from the planned $2 billion Rybovich Marina redevelopment and just south of GL Homes and Huizenga’s The Estates at NOMAR.
- Rare opportunity to acquire a strategically located infill redevelopment site in one of WPB’s fastest-growing neighborhoods
- The 0.76-acre site may offer the ability to incorporate Metcalf Road into a future development plan, creating an overall site area of ~1 ac.
Executive Summary
On behalf of ownership, the Colliers | Rubin Schauer Investment Sales Team, as the exclusive agent, is pleased to present for sale 400 Metcalf Court, a rare infill redevelopment opportunity strategically positioned within one of West Palm Beach’s most rapidly evolving neighborhoods. Located directly across from the planned $2 billion redevelopment of Rybovich Marina and immediately south of a new 100-home residential community being developed by GL Homes and Huizenga, the property is uniquely positioned to benefit from the significant investment and transformation occurring throughout the surrounding area.
The 0.76-acre site offers substantial redevelopment potential, with a potential pathway to incorporate Metcalf Road into a future development plan, increasing the overall site area to approximately one acre. Currently zoned SF-14, the property may offer opportunities for increased density through rezoning or the utilization of Florida’s Live Local Act.
The property is currently improved with twelve multifamily buildings occupied by below-market, short-term leases, generating interim income while preserving flexibility for future redevelopment. The combination of existing cash flow, development optionality, and proximity to transformative residential and waterfront projects creates a compelling opportunity to acquire a strategically located land play in the path of West Palm Beach’s continued growth.
The 0.76-acre site offers substantial redevelopment potential, with a potential pathway to incorporate Metcalf Road into a future development plan, increasing the overall site area to approximately one acre. Currently zoned SF-14, the property may offer opportunities for increased density through rezoning or the utilization of Florida’s Live Local Act.
The property is currently improved with twelve multifamily buildings occupied by below-market, short-term leases, generating interim income while preserving flexibility for future redevelopment. The combination of existing cash flow, development optionality, and proximity to transformative residential and waterfront projects creates a compelling opportunity to acquire a strategically located land play in the path of West Palm Beach’s continued growth.
Property Facts
| Sale Type | Investment | Lot Size | 0.76 AC |
| Sale Condition | Redevelopment Project | Building Size | 7,644 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1949 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | SF-14 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.76 AC |
| Building Size | 7,644 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
| Opportunity Zone |
Yes |
| Zoning | SF-14 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 74-43-43-09-02-000-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $894,134 |
Property Taxes
Parcel Number
74-43-43-09-02-000-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$894,134
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
400 Metcalf Ct
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.