Prime Development Opportunity – 1.41 Acres Entitled for 8 Townhomes
Located in a high-demand residential area, this 1.41-acre development site presents a unique opportunity for builders, investors, and developers. Previously entitled for an 8-unit townhome project, this property offers strong potential for residential development in a growing market.
Property Highlights:
Size: 1.41 acres
Zoning: MR-5 (Medium Residential – 5 DU/Acre)
Previous Entitlements: Approved for 8 townhomes
Utilities: Water, sewer, and electric available nearby
Access: Convenient location near major roads and highways
Surrounding Uses: Mix of single-family homes, townhomes, and multi-family residences
Development Potential: Established demand for townhomes and workforce housing
Development & Zoning
The MR-5 zoning designation allows for up to 5 dwelling units per acre, making this property an ideal candidate for a townhome development or alternative residential use. The previous entitlement for 8 townhomes streamlines the development process, providing a foundation for a new project while ensuring compliance with local zoning regulations.
Developers may choose to proceed with the existing entitlements, modify the site plan, or explore density bonuses through programs such as the Workforce Housing Program (WHP) or Transfer of Development Rights (TDR).
Strategic Location
This site is strategically positioned near commercial centers, schools, shopping, dining, and recreation, enhancing its appeal for future residents. Its proximity to employment hubs and transportation corridors adds significant value, making it an attractive option for developers targeting the growing demand for housing.
Investment Potential
With increasing property values and strong housing demand, this site presents an excellent opportunity for developers and investors looking to build highly marketable residential units. Townhomes remain a sought-after option for first-time homebuyers, downsizers, and rental investors, ensuring a high absorption rate once developed.
Infrastructure & Accessibility
Utilities: Water, sewer, and electricity readily available
Transportation: Quick access to major highways and thoroughfares
Nearby Amenities: Shopping centers, schools, medical facilities, and parks
Why This Site?
Turnkey Development Potential: Previously entitled for 8 townhomes, saving time and resources.
Established Residential Demand: Townhomes are in high demand, offering strong resale or rental opportunities.
Strategic Location: Near key commercial and employment hubs, increasing desirability for homebuyers.
Flexible Development Options: Utilize existing plans or explore alternative higher-density configurations.
Next Steps
This is a rare opportunity to develop a prime residential site in a high-growth market. Whether you’re an investor, developer, or builder, this property provides strong potential for a profitable project.
For more details, zoning verification, and development discussions, please contact us today. Buyers must confirm zoning and development allowances with Unincorporated Palm Beach County.
Ahmed Abdeldayem
ARA Commercial Partners
