$4,500,000
UNDER CONTRACT

Estimated payment $25,233/month

Total Views 715
4.28 Acres
$1,051,993 Price per Acre
186,332 Sq Ft Lot

About This Lot

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.

Listing Agent

Derek Francois

Logan Realty Inc License #3311326

Co-Listing Agent

Hector Catano

Cornerstone Intl. Realty, LLC License #0680965

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,398

Year Built

  • 1965

Lot Details

  • 4.28 Acre Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Site Plan Filed
  • Property is zoned RM

Community Details

  • Palm Beach Farms Co 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424327050060301

Property Details

Property Type

Land

Est. Annual Taxes

$1,398

Year Built

1965

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Industrial
  • Property Sub Type Additional: Industrial
  • Directions: GPS
  • Special Features: 4224
  • Year Built (Public Record): 1965

Exterior Features

  • Lot Features: Corner Lot, Industrial Park
  • Road Surface Type: Paved
  • Waterfront: No

Lot Info

  • Parcel #: 00424327050060301
  • Development Status: Site Plan Filed
  • Lot Size: 3 to < 5 Acres,Corner Lo
  • Lot Size Sq Ft: 186332.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1398.0

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,436 $2,553,680 -- --
2023 $1,398 $2,321,527 $3,353,976 $767,797
2022 $1,362 $2,110,479 $0 $0
2021 $1,294 $1,918,617 $1,276,374 $642,243
2020 $1,265 $1,943,269 $1,276,374 $666,895
2019 $1,289 $1,838,914 $1,211,158 $627,756
2018 $1,253 $1,744,000 $1,117,992 $626,008
2017 $1,212 $1,584,021 $970,790 $613,231
2016 $1,188 $1,502,075 $0 $0
2015 $1,185 $1,411,906 $0 $0
2014 $1,233 $1,298,376 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 For Sale $4,500,000 -- --
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Quit Claim Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $505,000 Commercial
Source: Public Records

Source: BeachesMLS

MLS Number: R11002402

BeachesMLS

APN: 00-42-43-27-05-006-0301