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438 - 446 Northwood Road, West Palm Beach, FL

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438 - 446 Northwood Road

West Palm Beach, FL 33407 - West Palm Beach CBD Submarket

Property Type:Land Parcel Size:.76 Acres
For Sale Price:$1,590,000 Price/Acre:$2,098,733 Price/SF:$48.18

Proposed Use:Commercial

On-Site Improv:-

Total of 8 lots (25ft each) (16,190+/- sf) are located in the heart of Northwood Road in the North End submarket of West Palm Beach. The properties consist of 5 vacant lots and 1 Corner building (3,000 sf) on 3 lots.

The properties are strategically positioned along Northwood Rd the primary roadway serving the interior of the Northwood submarket. They will be in the center of activity when neighborhood development is completed. These characteristics make them ideally-suited for future multifamily, commercial or mixed-use development.

These are the ONLY remaining vacant lots on Northwood Rd. The new zoning will allow to build 5 and 6 stories.
Take Palm Beach Lakes Blvd to Dixie Hwy go north to Northwood Rd turn left on Northwood Rd go west property is located on the corner of Spruce/Northwood.

Sale Notes:
Possessed of an ideal location (and highly permissive zoning) directly in the path of current and future growth, these three contiguous lots in the heart of Downtown Northwood offer an excellent investment and development opportunity.
New construction in this area has been plentiful, as demand for new rental and condo units has remained sustainably steady over the last several years. As developers seek new sites near downtown West Palm and near the water, sites such as these present prime opportunities for high end residential and/or commercial development/
Northwood has become a vibrant cultural center in recent years, bringing many unique businesses to the downtown area, and fostering healthy growth in the surrounding neighborhoods. A program known as Lot 23 has brought many local artists together in this area, providing free instruction in music and visual arts, further adding to the cultural element of the area.
Northwood Road and Spruce Ave, downtown.

The Goldstein Group
Martin Goldstein
(561) 310-0935

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