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Investment Highlights

  • Fully approved multifamily site allows for development of a 36-unit apartment community, reducing entitlement risk and accelerating time to market.
  • Dense and growing surrounding population with strong household incomes and $3.3 billion in consumer spending underpins long-term demand.
  • Alternative high-demand uses are supported, including assisted living, rehabilitation, and religious facilities, broadening investment options.
  • Prime infill location between I-95 and Florida's Turnpike offers strong accessibility to Downtown West Palm Beach and Palm Beach Int'l Airport.

Executive Summary

Pine Ridge Gardens is a 2.22-acre commercial land offering at 4910 Pine Ridge Lane, fully approved for multifamily development. The site received approvals in Fall 2025 for a 36-unit apartment community consisting of 18 two-bedroom, two-bathroom units and 18 one-bedroom, one-bathroom units. The approved plans allow for 36,335 square feet of buildable area within a total of 95,832 square feet, presenting a well-scaled development opportunity positioned for long-term demand.

Showcasing a contemporary, well-balanced residential façade, the elevation plans feature clean rooflines, modern finishes, and a strong vertical rhythm. Large, evenly spaced windows create a symmetrical visual cadence while signaling bright, naturally lit interiors. The overall architectural approach delivers a polished look that aligns with current renter expectations, supporting strong marketability.

The property's zoning and approvals also allow flexibility beyond traditional multifamily use, with additional development options including assisted living or nursing facilities, rehabilitation centers, and religious establishments, broadening the appeal to various investors and developers seeking adaptable land in a high-demand corridor.

Positioned between Interstate 95 and Florida's Turnpike, the site offers exceptional connectivity to Downtown West Palm Beach and Palm Beach International Airport (PBI). On the edge of the Haverhill community, the surrounding area features a dense residential population supported by nearby amenities and services. Within a 5-mile radius, the population reached 305,190 in 2025, projected by CoStar to exceed 323,000 by 2030. Average household incomes of $90,170 support approximately $3.3 billion in consumer spending, reinforcing the area's status as a growing, sustainable market.

Property Facts

Price $2,340,000
Sale Type Investment
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Rehabilitation Center
  • Religious Facility
  • Single Family Development
Total Lot Size 2.22 AC
Year Built 1970
Opportunity Zone Yes
Zoning High Density,Multi-Family - High Density,Multi-Family

1 Lot Available

Lot

Price $2,340,000
Price Per AC $1,054,054.05
Lot Size 2.22 AC

2.2-acre vacant lot approved in the Fall 2025 for development of 36 apartment units, including 18 two-bedroom/two-bathroom units and 18 one-bedroom/one-bathroom units. Property features 36,335 SF of buildable space within a total of 95,832 SF.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00-42-43-25-00-000-7260
  • 00-42-43-25-00-000-7280
  • 22-42-43-25-00-000-7300
  • 00-42-43-25-00-000-7170
  • 00-42-43-25-00-000-7261
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,193,912
  • Listing ID: 39961396

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 4910 Pine Ridge Ln, West Palm Beach, FL 33417

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