Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

953 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5060 N Ocean Dr - Condado

1.12 Acres of Commercial Land Offered at $18,000,000 in Riviera Beach, FL 33404

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Beachfront site in Palm Beach County
Escalating pricing and market niche for boutique development

Proximity to amenities

Executive Summary

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directors has engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.
The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.

Property Facts

Price	$18,000,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units Apartment Units - Condo
No. Lots	1	Total Lot Size	1.12 AC
Property Type	Land

Price	$18,000,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Condo
Total Lot Size	1.12 AC

1 Lot Available

Lot

Price	$18,000,000	Lot Size	1.12 AC
Price Per AC	$16,137,983

Price	$18,000,000
Price Per AC	$16,137,983
Lot Size	1.12 AC

The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island.

Description

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directors has engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access. The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.

zoning

Zoning Code	RM-20 (Allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.)
RM-20 (Allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200 feet.)