$1,080,000
- 0.41 Acres
- $2,634,146/Acre
Turnkey multifamily development | site plan approved | permit package ready 109, 117 & 125 w 14th st, riviera beach, fl 33404. A rare, shovel-ready multifamily opportunity in the thriving redevelopment zone of riviera beach. This three-parcel assemblage is fully entitled and comes with a permit submittal ready construction package, ideal for investors or developers seeking a ready to go development. The project consists of a two-story, 8-unit building featuring modern layouts and a strategic mix of unit types perfectly aligned with rental market demand. Total units: 8 - (4) three-bedroom / two-bath units (~$3, 260 market | $2, 860 hcv) - (4) two-bedroom / two-bath units (~$2, 420 market | $2, 190 hcv)- parking: 11 off-street spaces. Total rentable sf (estimated): ~9, 600 sf. Land size: approx. 0.41 acres
key location drivers:
marina village expansion: $375m+ revitalization of riviera beach marina district including mixed-use, retail, hotel, and residential.
Oculina bank headquarters project: major commercial redevelopment just blocks away, creating employment and foot traffic.
Strategic proximity: port of palm beach, us-1, blue heron blvd, i-95, and major employment nodes.
Exit strategies:
build-to-rent with strong cash flow via market or voucher leasing
build-and-sell to institutional buyer at stabilization (6-7.5% cap rate)
condo exit potential with individual unit sales post-co
offering details:
sale price: $1, 080, 000
delivery: as-is, site plan approved with permit package ready for submital
zoning: multifamily residential
utilities: accessible and available