Log In/Sign Up
Your email has been sent.
4415 Sunny Lane Ave - Sunny Lane Apartments Development Site 3.03 Acres of Commercial Land Offered at $2,550,000 in West Palm Beach, FL 33406
Investment Highlights
- 3.03-Acre Development Site Across Three Contiguous Parcels
- Preliminary Site Plan Completed For 32 Two-Bedroom And 16 Three-Bedroom Units
- RM Zoning Allowing Development Of 48 Garden-Style Apartment Units
- Planned 12,596-Square-Foot Recreation Area
Executive Summary
Marcus & Millichap is pleased to present the Sunny Lane Development Site, a multifamily development opportunity located off Sunny Lane Avenue in West Palm Beach, Florida. The offering consists of three contiguous parcels totaling approximately 3.03 acres with the following parcel numbers:
00-42-44-01-00-000-1160 – 1.51 Acres
00-42-44-01-00-000-1170 – 1.14 Acres
00-42-44-01-00-000-1180 – 0.38 Acres
The property is zoned RM (Residential Multifamily) and offers the opportunity to develop 48 garden-style apartment units. A preliminary site plan has already been completed, providing a strong foundation for future development. The proposed site plan consists of 32 two-bedroom/two-bathroom units totaling approximately 945 square feet each and 16 three-bedroom/two-bathroom units totaling approximately 1,116 square feet each, along with a 12,596-square-foot recreation area designed to enhance resident amenities and community appeal.
The site is conveniently located with access to Southern Boulevard, Military Trail, and Florida's Turnpike, providing connectivity to major employment centers throughout Palm Beach County. Nearby demand drivers include Palm Beach International Airport, Downtown West Palm Beach, The Palm Beach Outlets, Wellington Regional Medical Center, and numerous retail, healthcare, and educational facilities. Continued residential and commercial growth throughout West Palm Beach has fueled demand for quality workforce housing, making the site well positioned for future multifamily development.
With multifamily land becoming increasingly scarce throughout Palm Beach County, the Sunny Lane Development Site offers developers the opportunity to acquire a fully entitled-scale development site in a rapidly growing market with strong demographic fundamentals and sustained rental demand.
00-42-44-01-00-000-1160 – 1.51 Acres
00-42-44-01-00-000-1170 – 1.14 Acres
00-42-44-01-00-000-1180 – 0.38 Acres
The property is zoned RM (Residential Multifamily) and offers the opportunity to develop 48 garden-style apartment units. A preliminary site plan has already been completed, providing a strong foundation for future development. The proposed site plan consists of 32 two-bedroom/two-bathroom units totaling approximately 945 square feet each and 16 three-bedroom/two-bathroom units totaling approximately 1,116 square feet each, along with a 12,596-square-foot recreation area designed to enhance resident amenities and community appeal.
The site is conveniently located with access to Southern Boulevard, Military Trail, and Florida's Turnpike, providing connectivity to major employment centers throughout Palm Beach County. Nearby demand drivers include Palm Beach International Airport, Downtown West Palm Beach, The Palm Beach Outlets, Wellington Regional Medical Center, and numerous retail, healthcare, and educational facilities. Continued residential and commercial growth throughout West Palm Beach has fueled demand for quality workforce housing, making the site well positioned for future multifamily development.
With multifamily land becoming increasingly scarce throughout Palm Beach County, the Sunny Lane Development Site offers developers the opportunity to acquire a fully entitled-scale development site in a rapidly growing market with strong demographic fundamentals and sustained rental demand.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,550,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 3.03 AC |
| Property Type | Land | ||
| Zoning | RM - Residential Multifamily | ||
| Price | $2,550,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 3.03 AC |
| Zoning | RM - Residential Multifamily |
1 Lot Available
Lot
| Price | $2,550,000 | Lot Size | 3.03 AC |
| Price Per AC | $841,584.16 |
| Price | $2,550,000 |
| Price Per AC | $841,584.16 |
| Lot Size | 3.03 AC |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $433,095 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$433,095
Contacts
-
River Rhoads -
Daniel Cunningham -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4415 Sunny Lane Ave - Sunny Lane Apartments Development Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.