109 14th Street, Riviera Beach, FL 33404
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  • MLS#: R11099262 ( Land & Docks )
  • Street Address: 109 14th Street
  • Viewed: 2
  • Price: $1,080,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 283
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: Riviera Beach
  • Zipcode: 33404
  • Subdivision: Riviera In Pb 2
  • Provided by: Touchstone-Webb Realty Co.
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  • Description
    Turnkey Multifamily Development | Site Plan Approved | Permit Package Ready 109, 117 & 125 W 14th St, Riviera Beach, FL 33404. A rare, shovel ready multifamily opportunity in the thriving redevelopment zone of Riviera Beach. This three parcel assemblage is fully entitled and comes with a permit Submittal ready construction package, ideal for investors or developers seeking a ready to go development. The project consists of a two story, 8 unit building featuring modern layouts and a strategic mix of unit types perfectly aligned with rental market demand. Total Units: 8 (4) Three Bedroom / Two Bath Units (~$3,260 Market | $2,860 HCV) (4) Two Bedroom / Two Bath Units (~$2,420 Market | $2,190 HCV) Parking: 11 Off Street Spaces. Total Rentable SF (Estimated): ~9,600 SF. Land Size: Approx. 0.41 Acres Key Location Drivers: Marina Village Expansion: $375M+ revitalization of Riviera Beach Marina District including mixed use, retail, hotel, and residential. Oculina Bank Headquarters Project: Major commercial redevelopment just blocks away, creating employment and foot traffic. Strategic Proximity: Port of Palm Beach, US 1, Blue Heron Blvd, I 95, and major employment nodes. Exit Strategies: Build to Rent with strong cash flow via market or voucher leasing Build and sell to institutional buyer at stabilization (6 7.5% cap rate) Condo exit potential with individual unit sales post CO Offering Details: Sale Price: $1,080,000 Delivery: As Is, Site Plan Approved with Permit Package Ready for Submital Zoning: Multifamily Residential Utilities: Accessible and Available
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Features
Eco-Communities
  • Water Source: Public
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available, None
Finance and Tax Information
  • Tax Year: 2024
Other Features
  • Legal Description: RIVIERA LT 3 BLK 4
  • Parcel Number: 56434233060040030
  • Zoning Code: OP(cit