4415 Sunny Lane Ave - Commercial LAND FOR SALE


West Palm Beach, FL 33406 131,987 SF
$2,550,000 USD
314-422-4480
4415 Sunny Lane Ave, West Palm Beach, FL for Sale
$2,550,000 USD
Commercial LAND - FOR SALE
1/8
131,987 SF

4415 Sunny Lane Ave
West Palm Beach, FL 33406


HIGHLIGHTS

  • 3.03-Acre Development Site Across Three Contiguous Parcels
  • RM Zoning Allowing Development Of 48 Garden-Style Apartment Units
  • Preliminary Site Plan Completed For 32 Two-Bedroom And 16 Three-Bedroom Units
  • Planned 12,596-Square-Foot Recreation Area

OVERVIEW

Marcus & Millichap is pleased to present the Sunny Lane Development Site, a multifamily development opportunity located off Sunny Lane Avenue in West Palm Beach, Florida. The offering consists of three contiguous parcels totaling approximately 3.03 acres with the following parcel numbers: 00-42-44-01-00-000-1160 – 1.51 Acres 00-42-44-01-00-000-1170 – 1.14 Acres 00-42-44-01-00-000-1180 – 0.38 Acres The property is zoned RM (Residential Multifamily) and offers the opportunity to develop 48 garden-style apartment units. A preliminary site plan has already been completed, providing a strong foundation for future development. The proposed site plan consists of 32 two-bedroom/two-bathroom units totaling approximately 945 square feet each and 16 three-bedroom/two-bathroom units totaling approximately 1,116 square feet each, along with a 12,596-square-foot recreation area designed to enhance resident amenities and community appeal. The site is conveniently located with access to Southern Boulevard, Military Trail, and Florida's Turnpike, providing connectivity to major employment centers throughout Palm Beach County. Nearby demand drivers include Palm Beach International Airport, Downtown West Palm Beach, The Palm Beach Outlets, Wellington Regional Medical Center, and numerous retail, healthcare, and educational facilities. Continued residential and commercial growth throughout West Palm Beach has fueled demand for quality workforce housing, making the site well positioned for future multifamily development. With multifamily land becoming increasingly scarce throughout Palm Beach County, the Sunny Lane Development Site offers developers the opportunity to acquire a fully entitled-scale development site in a rapidly growing market with strong demographic fundamentals and sustained rental demand.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/ACRE

$841,584/AC

PRICE/SF

$19 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Sunny Lane Apartments Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

3.03 AC

LAND SF

131,987 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Cable, Telephone

ZONING

RM

APN/PARCEL ID

00-42-44-01-00-000-1160,00-42-44-01-00-000-1170,00-42-44-01-00-000-1180

ASK ABOUT THIS PROPERTY

River RhoadsMarcus & MillichapMore Info
314-422-4480

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River RhoadsMarcus & MillichapMore Info
314-422-4480

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