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5133 Pine Grove Drive, West Palm Beach FL 33417

Commercial For Sale
$1,500,000

BTC: 24.15458937

ETH: 891.42449635

75 days
0 room(s)

Overview

Exceptional development opportunity for investors, builders, or developers. This 1.47-acre property is currently zoned Residential High Density with future land use supporting multi-family development. Situated within an Opportunity Zone, it offers potential tax incentives and streamlined permitting. The site currently allows for approximately 5 units per acre with a 35' height limit, with substantial upside through assemblage. The city has indicated that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., significantly increasing allowable density and overall value. A rare chance to capitalize on a strategically located growth corridor with so much potential!

Location

Florida • West Palm Beach • 33417 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Rv/Boat Parking
Year Built:
1962
Lot:
1.47 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,500,000
$257K – $9.0M
Confidence Low
List vs. estimate
At estimate
List $1,500,000 · +0.0%
List is in line with recent comparable activity.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $311K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,506
2025
Parking
2 spaces
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

  • Parking

    • Rv/Boat Parking

    Lot

    • Lot: 1.47 Acres

    Other Property Information

    • Parcel Number: 00424326000001130

    • Zoning: RH

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Water Connected

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $3,506

  • Source details

    • MLS ID: B26007262

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1 To Less Than 2 Acre Lot

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33417
381
median $135K
Active
Same city
West Palm Beach
1,871
median $350K
Active
Same type
Commercial
74
median $1.1M
Active
Similar price
$1.1M – $1.9M
119
median $1.4M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX of Stuart