Address
540 N Rosemary Ave West Palm Beach, FL
Price
$ 16,950,000
Property Attributes
  • MLS#A10910910
  • TypeLand
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5420
  • NeighborhoodCLOWS
  • Zip33401
  • StyleResidential
  • Taxes11539
  • Price$ 16,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.5 Acres
Listing Provided Courtesy Of:
Oceanside Realty & Investments, Inc.
Property Description

EXCELLENT INVESTMENT OPPORTUNITY TO BUY LAND WITH RESIDENTIAL AND COMMERCIAL ZONING. The lot consists of 7 parcels assembled totaling 2.5 acres, located one block from FEDERAL COURT, and a few blocks from the new BRIGHTLINE train station and CITY PLACE. This is the only land of this magnitude available in the area, not only because of the size of the lot but also because of the income that the location can generate. Zoning allows up to 8 stories high. Ideal to develop a residential/commercial or mixed-use. The front of the lot on Rosemary Avenue is 515 feet and the depth is up to 307, on the corner of 3rd street. There is the option of dividing the lot into 2 parcels that can be purchased separately.

Price History
8/16/2020 Listed $16,950,000

General Features

Building Features NotApplicable
MLS Area 5420
Property SubType Residential
Property Type Land
Terms Cash, Conventional
Zoning Description NWD-8

Exterior Features

Covered Spaces 0.0
Lot Features Item23Acres
Lot Size Acres 2.5
Lot Size Area 108783.0
Lot Size Square Feet 108783.0
Number of Lots 2
Road Surface Type Paved
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33401

Price
AVG $1.96M
$16.95M
Taxes
AVG $5,578
$11,539
Visits
AVG 40
57
Walkscore
AVG 64
79
Data Provided by Walkscore ® not using MLS data

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