1200 Blue Heron Boulevard, Riviera Beach, Florida 33404
Property Description
The three parcels making up this assemblage are currently zoned Multifamily and Office Professional. The highest and best use for this 1.5 Acre site is likely luxury condo development. With a five-story office building next door, a minimum of 5 stories and 40 condos would likely be approved. Entitlements for 8-12 stories are not out of the realm of possibility as the neighboring Ritz-Carlton Residences consist of 27 stories right across the street. The location is steps to the beach and minutes to Downtown West Palm Beach and the Palm Beach International Airport. With cash flowing assets in place, the Buyer can take their time with development plans and collect over $350,000 per year in rents. This purchase offers immediate cash flow and an incredible development opportunity going
Directions : Get off of Blue Heron Blvd. Head East towards the Blue Heron bridge. Go over the bridge towards the beach and property will be on the left-hand side one streetlight after going over the bridge.
Lot Features : 1 To < 2 Acres
Parcel Number : 56434227040004990
MLS Addon
PotentialShortSale : No
Association Fee : $0
Development Status : Recorded Plat
HighSchool : Fort Lauderdale
MiddleOrJunior School : Sunrise
Subdivision Name : PALM BEACH SHORES
Tax Annual Amount : $45,866
Tax Year : 2022
Zoning : OP(cit
SqFt - Total : 0 Sqft
History
OriginalListPrice : $8,250,000
DOM : 0
Cumulative DOM : 0
Office Name : Coldwell Banker Realty /Delray Beach