x
Address
16169 Southern Boulevard Loxahatchee Groves, FL
Price
$ 4,500,000
Property Attributes
  • MLS#RX10472380
  • TypeBackup
  • CountyPALM BEACH
  • CityLoxahatchee Groves
  • Area5590
  • Zip33470
  • StyleCommercial
  • Taxes41763
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size19.51 Acres
Listing Provided Courtesy Of:
The Keyes Company
Property Description

INCREDIBLE OPPORTUNITY TO OWN 19.51 ACRES OF LAND W/923 FT OF FRONTAGE ON SOUTHERN BLVD/SR-80 WITH A 2017 TRAFFIC COUNT OF 27,500 AADT, WHICH WILL GROW EXPONENTIALLY TO AN ESTIMATED 80,000 AADT FROM THE APPROVED, UNDER CONSTRUCTION & PROPOSED NEW DEVELOPMENTS OF OVER 10,000 DWELLING UNITS AND NON-RESIDENTIAL FACILITIES AROUND THE PROPERTY. CURRENT ZONING IS CRE (COMMERCIAL RECREATION), WHICH COMES FROM PALM BEACH COUNTY ULDC FROM BEFORE THE PROPERTY WAS INCORPORATED INTO LOXAHATCHEE GROVES IN 2009. DUE TO THIS FACTOR, THERE'S A GREAT UPSIDE OPPORTUNITY TO POTENTIALLY ADD, THROUGH PROPER PROCESS, ADDITIONAL COMMERCIAL USES BY ADOPTING THE TOWN'S COMMERCIAL ZONING DISTRICTS OR USES. PLEASE INQUIRE.***PLEASE DO NOT GO TO THE PROPERTY UNANNOUNCED - TENANT & PATRONS ARE NOT TO BE DISTURBED***

Price History
10/15/2018 Listed $4,500,000

General Features

Area 5590
Auction No
Contingent Backup
Geo Area PB25
Geo Lat 26.684912
Geo Lon -80.30091
HOA None
Legal Description 36-43-40, SLY 922 FT OF WLY 926.54 FT OF E 1/4 LYG N OF & ADJ TO SR 80 R/W
Listing Status Backup
Price/acre 230651.00
Price/sqft 5.29
Property Type C
REO No
Short Sale No
Special Info Corporate Owned, Presently Leased
Style Commercial, Other
Subdivision N/A
Tax Year 2017
Taxes 41763.10
Terms Considered Cash
Type Commercial Land
Utilities Available Other
Zoning CRE

Exterior Features

Ground Cover Other
Improvements Utility Building
Lot Depth 922.00
Lot Description 11 to 25 Acres, Public Road
Lot Dimensions 923.29 x 922.00 x 926.48 x 922.00
Lot Frontage 923.29
Lot Size 19.51
Roads Paved, State Road
Trees Other
OriginalMLSID RX-10472380

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33470

Price
AVG $510K
$4.5M
Taxes
AVG $4,996
$41,763
Visits
AVG 201
492

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