5 Acre Residential Development Site

Transcription

1 RESIDENTIAL DEVELOPMENT SITE 5 Acre Residential Development Site Palm Beach, FL

2 TABLE OF CONTENTS Limitations and Disclaimer... 3 Terms & Conditions... 3 Highlights... 4 Property Information... 5 Maps & Aerials... 6 Contact Information

3 LIMITATIONS AND DISCLAIMER This document has been directly delivered by Realty Masters, LLC ( Realty Masters or Broker ) to interested parties for their sole use in evaluating a transaction with the Seller. No representation or warranty, express or implied, is made as to the accuracy of the information set forth herein. Any party seeking to enter into a transaction with the Seller is responsible for completing appropriate due diligence as they shall determine. TERMS & CONDITIONS The Seller has engaged Realty Masters Advisors, LLC ( Realty Masters ) to serve as the exclusive real estate broker to market and receive offers on the property. All offers should be made subject to the Limitations and Disclaimers, as well as, but not limited to, consideration of the following assumptions: All sales are As-Is. Buyers are strongly encouraged to complete their own due diligence related to but not limited to, the value, condition and status of the asset. The Seller will deliver free and clear title to the property. Realty Masters and the Seller make no representation as to the description, condition, or suitability of the property. The property described in this document may not be available for sale due to the Seller s negotiations with buyers. Neither the Seller nor Realty Masters are required to update this document to reflect such changes. 3

4 HIGHLIGHTS Efficient, rectangular configuration with frontage along 81 Avenue and 3rd Place allows it to be laid out as a 7 unit singlefamily residential project. Each lot should average over 30,000 square feet. The streets and water line to service the project are in place The site is in an established and desirable residential area with numerous successful projects in close proximity, several of which with homes over $1,000,000. It has a secluded feeling yet enjoys easy access to the Florida Turnpike, I-95, downtown West Palm Beach and the commercial and activity center of Wellington It is within easy walking distance to Everglades Elementary School, an A rated, sought after school. 4

5 PROPERTY INFORMATION LOCATION The site is located at the SW corner of 3rd Place S and 81st Avenue, just east of Marginal Road, approximately 1/2 mile south of Southern Blvd., in unincorporated Palm Beach County, Florida PROPERTY DESCRIPTION The site is rectangular and contains approximately 5.1 acres. The approximate dimensions are 315 feet on 3rd Place and 660 feet on 81st Avenue. It also contains a small sliver along 3rd Place that runs out to Marginal Road. The site is partially developed and appears to be level and at street grade. It fronts on 81 Avenue and the sidewalk is in place on the east side of the site along the Avenue. In addition, a water line runs down 81 Avenue, which will service the site. ZONING The site is zoned AR (Agricultural Residential) under the Unified Land Development Code of Palm Beach County. The Future Land Use designation is Residential Low Density LR-2. In order to achieve the density proposed in this report, rezoning to RT (Residential Transitional LR-2) will be necessary. PARCEL ID Under RT (LR-2) zoning the minimum lot size is 14,000 square feet and minimum lot frontage is 100 feet. Under a layout that has all the lots fronting on 81st Avenue a yield of 7 lots is easily achieved, this matches the existing subdivision across the street Asking Price: $585,000 5

6 MAPS & AERIALS 6

7 MAPS & AERIALS 7

8 All inquiries and offers should be submitted to the listing broker Primary Contact: Mike Christopher P: E: John Csapo P: E: Main Office: 208 SE 9th Street Fort Lauderdale, FL Central Florida Office: 390 N Orange Ave, 2300 Orlando, FL Licensed Real Estate Brokers