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- LoopNet Team
Lake Worth Road Multi-Family/Mixed Use Development
Palm Springs, FL 33461
7.38 AC Lake Worth Rd Development Opportunity · Land For Sale
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7.38 AC
INVESTMENT HIGHLIGHTS
- Utilities are Available to the Property
- Zoning permits Multi-Family, Office, Retail, Medical Office & More
- Located west of South Congress Avenue
- Located one half block west from Palm Beach State College
- Recently developed Wawa and RaceTrac are both within 500± feet
- Close proximity to Jog Road, Florida's Turnpike, and State Road 7 (441)
PROPERTY FACTS
DESCRIPTION
7.38± parcel with 215± feet along Lake Worth Road. Current zoning permits multi-family up to 35± units/acre, mixed-use development, retail, office, and more. This property is a part of the College-Hospital Overlay ("CHO") which promotes redevelopment. With Palm Beach State College and JFK Medical Hospital both in close proximity to the property, there is a need for multi-family, retail, medical office, restaurants, and personal services. The objective of the new overlay is to foster diversity and a mix of restaurants, retail, offices, and other commercial uses that benefit from drive-by traffic of Palm Beach State College and JFK Hospital.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,033,679 |
PROPERTY TAXES
