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Note
Hard Corner Development Opportunity
Listing was updated at: 10/30/2018
Property Overview
Price/Rent PSF $ 1,650,000.00
Asset Type Land
Trade Type Sale
Acres Available 1.40
Date Available 10/30/2018
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Description

Location
This 1.4± acre parcel is located on the southeast corner of U.S. Highway One and Yacht Club Drive, directly across from the entrance to North Palm Beach Country Club.

Sale
Newly Priced to Fit Market Demand. Located on a signalized hard corner with 200± feet along U.S. Highway One, this 1.4± acre commercial parcel is ideally situated for a mixed-use/office/retail/multifamily development project. The property was previously approved (2006) for a mixed use project, known as Villa Porte. The project included 18, 3 & 4 story townhouses, 1,679± SF of office, and 1,617± SF of retail.

Current zoning (C1A) permits the development of hotels/motels, multi-family*, restaurant (no drive-thru), office, medical, and more. The Village of North Palm Beach is currently undergoing a change to its Master Plan. To view all information about the Update to the Master Plan and Zoning in Progress for the Village's Commercial Corridor, please visit https://www.northpalmbeachlife.com/master-plan.html.

Located directly across the street from the North Palm Beach Country Club which is undergoing extensive renovations which include, a new 37,000 square-foot clubhouse and restaurant that will open in late summer of 2019, new sod and seed for the golf course, plus renovations and upgrades to the driving range. For more information on the NPBCC, please visit http://www.village-npb.org/661/Country-Club.

*Multiple-family dwelling structures as a component of a commercial planned unit development containing a commercial component including retail and non-retail commercial facing a primary street frontage with a depth to be determined by the village council.

Location

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