8087 Palomino Dr - Residential LAND FOR SALE


Lake Worth, FL 33467 289,238 SF
$2,349,000 USD
954-868-4163
8087 Palomino Dr, Lake Worth, FL for Sale
$2,349,000 USD
Residential LAND - FOR SALE
1/25
289,238 SF

8087 Palomino Dr
Lake Worth, FL 33467


HIGHLIGHTS

  • Prime 6.335 Acres located west of FL Turnpike between Lake Worth Road and Forrest Hill Boulevard
  • Excellent site for Residential Re-development
  • Day one income producing for Owner/User Agricultural Nursery and Landscaping business
  • The land is level with plenty of open space for an owner/operator to sub-lease and generate income
  • Existing 5,559 S.F. Storage Warehouse with Office Space
  • Electric, Water, Cable, Telephone and Irrigation

OVERVIEW

Tobin Real Estate is pleased to exclusively offer and represent the Seller in the sale with potential owner financing of these two adjacent parcels currently zoned AR – Agricultural Residential (00-Unicorporated) totaling 6.3351 Acres (289,239 S.F.) in Unincorporated, City of Lake Worth Beach, Florida. The property is geographically surrounded by main roads and highways with very high traffic counts (Florida Turnpike, Lake Worth Road, Blanchette Trail, Forrest Hill Blvd.) There is warehouse storage 5,559 square feet and 441 square feet of office space built in 1993 on site. The property has a 6’ Chain Link Fence around the perimeter with some paving and asphalt. This is an immediate income producing property for an owner/user with an opportunity to run a business and sub-lease a portion. The Seller is agreeable to Owner Financing with a 50% down payment, interest only monthly payments with a final balloon payment 36 months after closing. The property is in a prime area and backs up to the west side of the Florida Turnpike between Lake Worth Road and Forrest Hill Boulevard. It has accessibility on the north side through the intersection of Pinion Drive and Crockett Way and on the south side through Palomino Drive. It’s a prime location for a single-family residential redevelopment or to continue with a centrally located Agricultural Nursery and Landscaping business to service the tri-county area. The property is currently Zoned AR – Agricultural Residential and boasts 301’ of frontage on Palamino Drive. It’s currently being operated as an Agricultural Nursery and Landscaping business. The land is level with ample open space. The City of Lake Worth Beach is a coastal city of 37,000 residents, located in Palm Beach County, Florida. It is a dynamic, multi-cultural city with a strong social and environmental consciousness and thrives as the artistic center of Palm Beach County. The Median Household Income is $64,331.00 within one mile with an estimated Population Growth over the next few years of 1.60%. The daytime employees within a 3-mile radius are estimated at 28,000.

FOR SALE DETAILS

PRICE

$2,349,000 USD

PRICE/ACRE

$353,766/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

6+/- Agriculture/Landscaping/Nursery

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Hold for Development, Hold for Investment, Single Family Development, Agricultural, Agribusiness, Single Family Residence

LAND ACRES

6.64 AC

LAND SF

289,238 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Cable, Telephone, Irrigation

ZONING

AR

APN/PARCEL ID

00-42-43-27-05-024-0151,00-42-44-19-01-018-0030

ASK ABOUT THIS PROPERTY

Louie GranteedTobin Real Estate, Inc.More Info
954-868-4163

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Louie GranteedTobin Real Estate, Inc.More Info
954-868-4163

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