Bought with Logan Realty Inc
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Key Details
Sold Price $5,000,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 7,887 sqft
Price per Sqft $633
Subdivision Palm Beach Farms Co 3
MLS Listing ID RX-11002384
Sold Date 08/15/25
Year Built 1965
Annual Tax Amount $1,397
Tax Year 2023
Lot Size 4.280 Acres
Property Sub-Type MultiFamily (5+ Units)
Property Description
This 4.28 acre property is currently being used for a religious institution (3 buildings at present). It sits on a hard corner with 650 feet of frontage facing Belvedere Road, and two turnpike locations in a one mile radius. Located on the corner of Belvedere road and Pike road, it is minutes from the Palm Beach International airport and downtown West Palm Beach. The current land use is religious (institutional) and zoned RM (RM equates to the current MF - Multiple Family Zoning District). The FLU (Future Land Use) designation and highest and best use is INDST (Industrial). With the current land use, Multi-Family homes could be developed on the property with necessary approvals.
Location
State FL
County Palm Beach
Area 5580
Zoning RM
Interior
Heating Central
Cooling Ceiling Fan, Central Building
Flooring Carpet, Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Other
Waterfront Description Pond
Roof Type Other
Building
Story 100.00
Foundation Concrete
Others
Security Features Burglar Alarm
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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