Description of this home

“Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use”. The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 SF of land area, up to 4 stories, and FAR of 2.5 (±56,670 buildable SF), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor. CRA = LOWER BASIS + FASTER APPROVALS: • Public incentives can offset development costs and improve returns. • Reduced effective land basis through grants and reimbursements. • Municipality aligned with redevelopment and higher density. • Streamlined approvals within a pro-development framework. • Strong public investment driving rent growth and absorption. • Active pipeline of CRA-backed projects validating the submarket.

Property Details for this home

Pool Private

No

Building Information for this home

Building Name

LEE MANOR ISLES

Building Area Units

Square Feet

Association

No

Property Information for this home

Lot Features

Beach Area, City Location, Less Than 1 Acre

Lot Size Square Feet

22,686

Waterfront

No

Frontage Length

0

View

No

Sewer

None

Water Source

Municipal Water

New Construction

No

Public Records for this home

Parcel Number

08434527050000021

Tax Annual Amount

$14,702

Tax Year

2,024

Tax Legal Description

LEE MANOR ISLES S 100 FT OF LT 2

Zoning

C1

County Or Parish

Palm Beach County

Location