3105 Broadway | West Palm Beach, FL 33407
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3105 Broadway
West Palm Beach, FL 33407
Land For Sale · 1.45 AC
Investment Highlights
- Right beside Hwy 1
- Minutes away from I-95
Executive Summary
This is an opportunity to acquire up to four parcels along Broadway totaling 2.56 acres of developable land. The lots are zoned for high-density residential development and are also located within a Federally Qualified Opportunity Zone. The offering is comprised of 3100 Broadway (0.72 acres), 3105 Broadway (0.72), 3316 Broadway (0.43 acres). Seller is open to selling lots individually or as a combination of lots.
Northwood Village is quickly becoming the most dynamic and exciting neighborhood in West Palm Beach. Home to trendy retail, an array of restaurants, and generous public spaces. Northwood is only minutes to Downtown and offers a distinct living experience in West Palm Beach.
Each parcel offers direct frontage on Broadway and is surrounded by exciting new developments and high-end residential homes. The upcoming “Anchor Site” project, also known as “Northwood Square” consists of 382 apartments and 63,200 square feet of commercial space, is located less than a half mile south of Northwood Commons. All four Broadway parcels are rectangular and vacant, which allows for efficient design and development.
All parcels can be a standalone project or can be aggregated into one cohesive community. Each parcel is zoned BMUD (Type 1) encouraging dense, residential development and height up to five stories or 72 feet. Based on massing studies, we believe these sites can accommodate up to 530 units across the four parcels.
Northwood Village is quickly becoming the most dynamic and exciting neighborhood in West Palm Beach. Home to trendy retail, an array of restaurants, and generous public spaces. Northwood is only minutes to Downtown and offers a distinct living experience in West Palm Beach.
Each parcel offers direct frontage on Broadway and is surrounded by exciting new developments and high-end residential homes. The upcoming “Anchor Site” project, also known as “Northwood Square” consists of 382 apartments and 63,200 square feet of commercial space, is located less than a half mile south of Northwood Commons. All four Broadway parcels are rectangular and vacant, which allows for efficient design and development.
All parcels can be a standalone project or can be aggregated into one cohesive community. Each parcel is zoned BMUD (Type 1) encouraging dense, residential development and height up to five stories or 72 feet. Based on massing studies, we believe these sites can accommodate up to 530 units across the four parcels.
PROPERTY FACTS
Sale Type | Investment | Proposed Use | Multifamily |
No. Lots | 1 | Total Lot Size | 1.45 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Property Subtype | Commercial |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Multifamily |
Total Lot Size | 1.45 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $5,750,000 | Lot Size | 1.45 AC |
Price Per AC | $3,965,517 |
Price | $5,750,000 |
Price Per AC | $3,965,517 |
Lot Size | 1.45 AC |
3100 & 3015 Broadway in the City of West Palm Beach. Two Parcels across the street from one another. Must be sold together. Totaling 1.45 Acres.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $315,000 | Total Assessment | $630,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$315,000
Improvements Assessment
$0
Total Assessment
$630,000
zoning
Zoning Code | BMUD (Liberal Zoning allows for Multifamily Residential and Commercial Uses.) |
BMUD (Liberal Zoning allows for Multifamily Residential and Commercial Uses.) |
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