561-281-6656
400 Metcalf Ct, West Palm Beach, FL for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

400 Metcalf Ct
West Palm Beach, FL 33407
Northwood


HIGHLIGHTS

  • Positioned Between Major Growth Catalysts
  • Located directly across from the planned $2 billion Rybovich Marina redevelopment and just south of GL Homes and Huizenga’s The Estates at NOMAR.
  • Transformational Redevelopment Opportunity
  • Rare opportunity to acquire a strategically located infill redevelopment site in one of WPB’s fastest-growing neighborhoods
  • Path to Expanded Development Footprint
  • The 0.76-acre site may offer the ability to incorporate Metcalf Road into a future development plan, creating an overall site area of ~1 ac.

OVERVIEW

On behalf of ownership, the Colliers | Rubin Schauer Investment Sales Team, as the exclusive agent, is pleased to present for sale 400 Metcalf Court, a rare infill redevelopment opportunity strategically positioned within one of West Palm Beach’s most rapidly evolving neighborhoods. Located directly across from the planned $2 billion redevelopment of Rybovich Marina and immediately south of a new 100-home residential community being developed by GL Homes and Huizenga, the property is uniquely positioned to benefit from the significant investment and transformation occurring throughout the surrounding area. The 0.76-acre site offers substantial redevelopment potential, with a potential pathway to incorporate Metcalf Road into a future development plan, increasing the overall site area to approximately one acre. Currently zoned SF-14, the property may offer opportunities for increased density through rezoning or the utilization of Florida’s Live Local Act. The property is currently improved with twelve multifamily buildings occupied by below-market, short-term leases, generating interim income while preserving flexibility for future redevelopment. The combination of existing cash flow, development optionality, and proximity to transformative residential and waterfront projects creates a compelling opportunity to acquire a strategically located land play in the path of West Palm Beach’s continued growth.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

14

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

SF-14

APN/PARCEL ID

74-43-43-09-02-000-0010

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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Bastian SchauerColliersMore Info
561-281-6656

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