Sunny Lane Apartments Development — Sale in West Palm Beach, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Commercial Land
- Location: West Palm Beach, FL 33406
Photos
Description
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. Investment Highlights: • 3.03-Acre Development Site Across Three Contiguous Parcels • RM Zoning Allowing Development Of 48 Garden-Style Apartment Units • Preliminary Site Plan Compl
Market Context
This land in West Palm Beach, FL is listed for sale. Compare it against other land listings for sale in West Palm Beach, FL — view the full market.
Contact
- River Rhoads · (954) 245-3494 · river.rhoads@marcusmillichap.com
- Daniel Cunningham · (954) 245-3584 · daniel.cunningham@marcusmillichap.com
- Evan Richardson · (954) 245-3501 · evan.richardson@marcusmillichap.com
- Dillon Majeski · (954) 245-3415 · dillon.majeski@marcusmillichap.com
- Cory Sanchez · (954) 245-3445 · cory.sanchez@marcusmillichap.com
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