902 2nd Street, West Palm Beach FL 33401

$2,995,000

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Overview

0.33 acres
Property Type

Agriculture

Property Description

**UNMATCHED Opportunity in Downtown West Palm Beach!** Acquire two PRIME lots totaling over 20,000 SF at 902 2nd Street (14,300 SF) and 914 2nd Street (7,148 SF), zoned QBD3. This .49-ACRE site offers a Floor Area Ratio (FAR) of 1, with potential to increase to 2.5 FAR through the acquisition of Transfer of Development Rights (TDRs), allowing for up to 5 STORIES or 50 feet in height. Versatile development options include Multi-Family, Live/Work, Retail, Office, Hotel, and Restaurant- no density limits. Strategically located near the new NORA development, BrightLine, CityPlace, Ritz Carlton, and booming Downtown West Palm Beach, this is a once-in-a-lifetime investment opportunity. Additional opportunities exist to expand this assemblage to 1.5 ACRES; details on request.

Property Details

MLS#

R11126987

Address

902 2nd

City

West Palm Beach

State/county

FL

Zip/Postal Code

33401

Area

West Palm Beach,nora

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$1,918

Maint Fee

$--

Tax Year

2024

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Boris Gelfand