550 Bush Rd - Apartments FOR SALE


Jupiter, FL 33458
$4,999,995 USD
561-279-6995
550 Bush Rd, Jupiter, FL for Sale
$4,999,995 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

550 Bush Rd
Jupiter, FL 33458


HIGHLIGHTS

  • Seaglass Townhomes offers a rare investment opportunity with a 23-unit mid-rise, multi-family property.
  • Shell space unit at Seaglass Townhomes features essential amenities including air conditioning, kitchen, and oven.
  • Strategically positioned minutes from Jupiter, Florida's downtown and I-95, with Palm Beach International Airport just a 33-minute commute away.
  • Nearby amenities include Publix, Walmart, Home Depot, and a vibrant dining scene with Pollo Tropical, Brass Ring Pub, and El Fogoncito Mexican Cuisine

OVERVIEW

Excited to present a remarkable opportunity that's just hit the market: a prime land listing located in one of Jupiter's most sought-after areas. Situated in a highly desirable location, this property stands as one of the last remaining lots available for development in the area. Key Highlights: Location: 550 Bush Re, Jupiter FL Land Size: 2.93 Acres Development Approval: Approved for 23 townhomes with 2-car garages Property Status: Permit ready with all construction documents in hand and paid for! Features: Each townhome comprises 3 bedrooms, 3.5 bathrooms, and a spacious 2-car garage, offering a total of 2,000 square feet under air Investment Opportunity: Comparable sales in the neighborhood indicate a lucrative $350 per square foot Pricing: Accepting offers with guidance ranging from $200,000 to $225,000 per unit This listing comes with immense potential for profit and growth, making it an ideal investment opportunity for developers and investors alike. For a comprehensive overview of the property, please refer to the attached brochure. Additionally, initial plans are included, with more detailed plans available upon commencement of the due diligence period. If you're interested in seizing this opportunity or require further information, please don't hesitate to reach out. I'm here to assist you every step of the way.

FOR SALE DETAILS

PRICE

$4,999,995 USD

PRICE/SF

$121 USD /SF

# OF UNITS

23

PRICE/UNIT

$217,391

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaglass Townhomes-PERMIT READY 23 TH’S

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

12

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

R-3

APN/PARCEL ID

30-42-41-03-04-000-0120

ASK ABOUT THIS PROPERTY

Jerome RichRich Properties LLCMore Info
561-279-6995

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Jerome RichRich Properties LLCMore Info
561-279-6995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.