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5321 Maine St 1.81 Acres of Commercial Land Offered at $2,600,000 in Lake Worth, FL 33461
INVESTMENT HIGHLIGHTS
- Located on highly visible road next to Walgreens
- Country Inn hospitality located next door on the same side of the road
- Major national retailers within walking distance include 7-Eleven, Dollar General and Publix
- Three miles from Palm Beach County Park/Lantana Airport
EXECUTIVE SUMMARY
Discover the perfect canvas for vibrant senior living in this 1.81-acre lot, boasting entitlements for 92 thoughtfully designed apartment units tailored for those aged 55 and older. Embracing diversity, the community offers 88 cozy 1-bedroom units and 4 spacious 2-bedroom residences, all meticulously crafted to provide comfort and convenience. Additionally, for those seeking age-unrestricted living, the lot permits 60 units, ensuring flexibility and inclusivity in this inviting neighborhood. With ample space for recreational amenities and serene landscapes, this development promises an enriching lifestyle for residents of all ages.
PROPERTY FACTS Under Contract
| Price | $2,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.81 AC |
| Property Type | Land | ||
| Zoning | Multi Family - Multi Family | ||
| Price | $2,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.81 AC |
| Zoning | Multi Family - Multi Family |
1 LOT AVAILABLE
Lot
| Price | $2,600,000 | Lot Size | 1.81 AC |
| Price Per AC | $1,436,464.09 |
| Price | $2,600,000 |
| Price Per AC | $1,436,464.09 |
| Lot Size | 1.81 AC |
1.81 acres located directly on Military Trail a major north south road in palm beach county. The site is located within walking distance to Mass transportation, Grocery stores and Schools.
1 1
PROPERTY TAXES
| Parcel Number | 00-42-44-25-00-000-5380 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $450,047 |
PROPERTY TAXES
Parcel Number
00-42-44-25-00-000-5380
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$450,047
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5321 Maine St
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