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Previous Description:
Rare 1.32-acre multifamily development site in the Lake Worth corridor — one of the few RM-zoned parcels of this size still available in unincorporated Palm Beach County. Approximately 57,499 SF with direct frontage on Gulfstream Road, this parcel carries RM Residential Multi-Family zoning and an MR-5 future land use designation (5 units per acre base) — a true blank canvas for developers, owner-builders, and build-to-rent investors. The L-12 Drainage Canal along the north boundary creates a permanent buffer and eliminates a rear neighbor, an advantage for site layout and unit orientation. With entitled and pending development land in this submarket trading well above raw-land pricing, a buyer can absorb the entitlement process and still compete on an all-in basis. Nearby approvals have supported 10-unit projects through the county's site-plan and TDR process. Persistent South Florida construction demand and thin supply of developable multifamily land continue to define this corridor. With convenient access to I-95 and greater West Palm Beach, 4137 Gulfstream Road offers scale and flexibility. Sold as vacant land, no site plan or permits..
Updated Description:
Rare 1.46-acre multifamily development site in the Lake Worth corridor — one of the few RM-zoned parcels of this size still available in unincorporated Palm Beach County. Approximately 57,499 SF with direct frontage on Gulfstream Road, this parcel carries RM Residential Multi-Family zoning and an MR-5 future land use designation (5 units per acre base) — a true blank canvas for developers, owner-builders, and build-to-rent investors. The L-12 Drainage Canal along the north boundary creates a permanent buffer and eliminates a rear neighbor, an advantage for site layout and unit orientation. With entitled and pending development land in this submarket trading well above raw-land pricing, a buyer can absorb the entitlement process and still compete on an all-in basis. Nearby approvals have supported 10-unit projects through the county's site-plan and TDR process. Persistent South Florida construction demand and thin supply of developable multifamily land continue to define this corridor. With convenient access to I-95 and greater West Palm Beach, 4137 Gulfstream Road offers scale and flexibility. Sold as vacant land, no site plan or permits..
