Bought with Logan Realty Inc
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Key Details
Sold Price $5,000,000
Property Type Vacant Land
Sub Type Industrial Land
Listing Status Sold
Purchase Type For Sale
Subdivision Palm Beach Farms Co 3
MLS Listing ID RX-11002402
Sold Date 08/15/25
HOA Y/N No
Annual Tax Amount $1,397
Tax Year 2023
Lot Size 4.278 Acres
Property Sub-Type Industrial Land
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
Exterior
Utilities Available Cable, Electric, Irrigated Water, Phone Line
Exposure North
Building
Lot Description 3 to < 5 Acres, Corner Lot
Others
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Cash,Conventional
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