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8087 Palomino Dr - 6+/- Agriculture/Landscaping/Nursery
6.64 Acres of Residential Land Offered at $2,349,000 in Lake Worth, FL 33467
Investment Highlights
- Prime 6.335 Acres located west of FL Turnpike between Lake Worth Road and Forrest Hill Boulevard
- Day one income producing for Owner/User Agricultural Nursery and Landscaping business
- Existing 5,559 S.F. Storage Warehouse with Office Space
- Excellent site for Residential Re-development
- The land is level with plenty of open space for an owner/operator to sub-lease and generate income
- Electric, Water, Cable, Telephone and Irrigation
Executive Summary
The Seller is agreeable to Owner Financing with a 50% down payment, interest only monthly payments with a final balloon payment 36 months after closing.
The property is in a prime area and backs up to the west side of the Florida Turnpike between Lake Worth Road and Forrest Hill Boulevard. It has accessibility on the north side through the intersection of Pinion Drive and Crockett Way and on the south side through Palomino Drive. It’s a prime location for a single-family residential redevelopment or to continue with a centrally located Agricultural Nursery and Landscaping business to service the tri-county area.
The property is currently Zoned AR – Agricultural Residential and boasts 301’ of frontage on Palamino Drive. It’s currently being operated as an Agricultural Nursery and Landscaping business. The land is level with ample open space.
The City of Lake Worth Beach is a coastal city of 37,000 residents, located in Palm Beach County, Florida. It is a dynamic, multi-cultural city with a strong social and environmental consciousness and thrives as the artistic center of Palm Beach County. The Median Household Income is $64,331.00 within one mile with an estimated Population Growth over the next few years of 1.60%. The daytime employees within a 3-mile radius are estimated at 28,000.
Property Facts
| Price | $2,349,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 6.64 AC |
| No. Lots | 1 |
| Price | $2,349,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 6.64 AC |
1 Lot Available
Lot
| Price | $2,349,000 | Lot Size | 6.64 AC |
| Price Per AC | $353,765 |
| Price | $2,349,000 |
| Price Per AC | $353,765 |
| Lot Size | 6.64 AC |
Two parcels currently zoned AR – Agricultural Residential (00-Unicorporated) totaling 6.3351 Acres (289,239 S.F.) in the City of Lake Worth Beach, Florida. There is a multi unit 5,559 S.F. storage warehouse 301' of frontage on Palomino Drive.
Description
This is a two parcel property currently zoned AR – Agricultural Residential (00-Unicorporated) totaling 6.3351 Acres (289,239 S.F.) in Unincorporated, City of Lake Worth Beach, Florida. The property features a canal between the property and Florida Turnpike. There is a warehouse storage structure built in 1993 featuring 5,559+- square feet on the property with an estimated 441 square feet of office space. The property has a 6’ Chain Link Fence around the perimeter with some paving and asphalt. This is an immediate income producing property for an owner/user with an opportunity to run a business and/or sub-lease a portion. The property is in a prime area and backs up to the west side of the Florida Turnpike between Lake Worth Road and Forrest Hill Boulevard. It has accessibility on the north side through the intersection of Pinion Drive and Crockett Way and on the south side through Palomino Drive. It’s a prime location for a single-family residential redevelopment or to continue with a centrally located Agricultural Nursery and Landscaping business to service the tri-county area. The property is currently Zoned AR – Agricultural Residential and boasts 301’ of frontage on Palomino Drive. It’s currently being operated as an Agricultural Nursery and Landscaping business. The land is level with some grading and has ample open space. The City of Lake Worth Beach is a coastal city of 37,000 residents, located in Palm Beach County, Florida. It is a dynamic, multi-cultural city with a strong social and environmental consciousness and thrives as the artistic center of Palm Beach County. The Median Household Income is $64,331.00 within one mile with an estimated Population Growth over the next few years of 1.60%. The daytime employees within a 3-mile radius are estimated at 28,000.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $237,920 | Total Assessment | $608,352 |
PROPERTY TAXES
zoning
| Zoning Code | AR (The property is currently Zoned AR - Agricultural-Residential and is currently Licensed as a Agricultural Nursery/Landscaping business.) |
| AR (The property is currently Zoned AR - Agricultural-Residential and is currently Licensed as a Agricultural Nursery/Landscaping business.) |
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Power Broker Louie Granteed -
Tobin Real Estate, Inc.
Presented by
8087 Palomino Dr - 6+/- Agriculture/Landscaping/Nursery
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