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Listing ID: 13038736Status: ActiveProperty Type: Vacant Land For SalePossible Uses: Hospitality, Multi-FamilyGross Land Area: 4.85 AcresSale Price: $1,600,000Unit Price: $329,896 Per AcreSale Terms: Cash to Seller

Property OverviewProperty OverviewThis location is an assemblage of seven parcels, with an approved site planfor 31,000 sf of General Office building. Zoning is CG in unincorporatedPalm Beach County. The property has sewer, water and electric. Desirablelocation with access off of two major roads. This property can be combinedwith property immediately to the North (3.225 acres) for a total of 8.08acres. Congress Avenue frontage would be 636 feet. See the attachedbrochure for the additional property.

MANY POSSIBLE USES: Ideal for Retail, Hospitality, Medical, CorporateHeadquarters or Assisted Living Facility.

EXCELLENT LOCATION:

This property wraps the corner of Congress Avenue and Summit Blvd inWest Palm Beach, FL. A gas station occupies corner. Land borders bothmajor roadways. Across Congress is the Trump International Golf Course.Direct access to Southern Boulevard, PBI Airport (1/2 mile), 1-95 (3/4 mile).Downtown West Palm Beach just 4 miles to the North East.

Listing DetailsListing DetailsGeneral InformationGeneral InformationListing Name: 4.85 ACRES OF COMMERCIAL LAND FOR SALEPossible Uses: Hospitality, Multi-Family, Office, Retail, Self

Storage

Zoning: CGSale Terms: Cash to Seller

LocationLocationAddress: Corner of Summit and Congress, West Palm

Beach, FL 33406County: Palm BeachMSA: Miami-Fort Lauderdale-Pompano Beach

4.85 ACRES OF COMMERCIAL LAND FOR SALE4.85 ACRES OF COMMERCIAL LAND FOR SALECorner of Summit and Congress, West Palm Beach, FL33406

Commercial IQ

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Property ContactsProperty ContactsJohn F. SchmidtJohn F. SchmidtCornerstone Realty, Inc.

561-262-4237 [M]

561-793-9810 [O]

jfs2@cri-re.com

Commercial IQ

The information presented herein is provided as is, without warranty of any kind. Neither Commercial IQ nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

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EXECUTIVE SUMMARY

PROPERTY TYPE: Vacant Land

LOCATION: Site is adjacent to Congress Ave and Summit Boulevard, NE sector ofintersection, less the Gas station corner segment. Unincorporated Palm BeachCounty, Florida, located just south of Palm Beach County International airportand across the road from the prestigious Trump International Golf Course.Located on Congress Avenue (which converts to Australian Avenue), this site isdirectly accessible to the West Palm Beach central Business district, approx 4miles to the North. A major East-West Corridor, Southern Blvd, located about amile North, is a convenient conduit to the Western Communities, with attractiveresidential developments and shopping/living amenities. A major I-95 interchangeis located about a mile and a half away, providing North-South access to Miamito the South and the rest of the US to the North. This site is an ideal location fora corporate headquarters serving South Florida

SUBJECT SITE: This property is roughly rectangular with a missing segment due to the gasstation and, according to KESHAVARZ & ASSOCIATES, INC, contains about201,247 sf or 4.62 + acres of net usable land after deducting .22 acres forSummit Blvd and Congress Ave, right of ways from the gross land area of about210,830 sf or 4.84 acres. Access of the property will be through Summit Blvddirectly into the site and from Congress Ave through a portion of OklahomaStreet, then to the site. There should be adequate fill on the site for site needs,except for a small area requiring de-mucking.

FRONTAGE: There is 300 feet of frontage along Congress Avenue and 350 feet along SummitBlvd. There is a gas station in the SW corner of the property, which is not part ofthis assemblage.

ZONING/LAND USE: CG: General Commercial District: The CG zoning district is provided toencourage the development of intensive commercial uses, with access from acollector or arterial street and services a consumer market of at least a three mileradius.

UI: Urban Infill: This land use designation is due to be changed because it israther complex and difficult for approvals without a hearing and a process. Acurrent approved site plan would be unaffected.

UTILITIES: All utilities are available within the adjacent road rights-of-way. Water is locatedwithin Summit Boulevard, sewer within Congress Avenue, and overhead electricis located on both Congress Ave and Summit Blvd.

APPROVALS: Site is currently planned for 31,000 sf - Professional office building. Approved siteplan in place. The highest and best use of this site is Commercial Office Use.

POTENTIAL USES: Headquarters Office Building, Adult Assisted Living, Charter School.

CURRENT OWNER: RAPB (Realtors Association of the Palm Beaches)

Map of: S Congress Ave & Summit Blvd West Palm Beach, FL 33406

Notes

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Southeast Florida MLS - IMAPP

Browsing Search Results 1 - 7 of 7 results

1. SUMMIT BLVD WEST PALM BEACH, FL 33406

PID # 00-43-44-05-00-000-7040 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $174,208 Bathrooms: Land Area:28,512 sf Last Sale: $10 on 12/29/2004 Assessed Value: $174,208 Stories: Year Built:

2. CONGRESS AVE WEST PALM BEACH, FL 33406

PID # 00-43-44-05-00-000-7041 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $133,076 Bathrooms: Land Area:21,780 sf Last Sale: $10 on 12/29/2004 Assessed Value: $133,076 Stories: Year Built:

3. CONGRESS AVE WEST PALM BEACH, FL 33406

PID # 00-43-44-05-00-000-7100 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $122,420 Bathrooms: Land Area:20,036 sf Last Sale: $10 on 12/29/2004 Assessed Value: $122,420 Stories: Year Built:

4. SUMMIT BLVD WEST PALM BEACH, FL 33406

PID # 00-43-44-05-00-000-7140 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $550,933 Bathrooms: Land Area:90,169 sf Last Sale: $10 on 12/29/2004 Assessed Value: $550,933 Stories: Year Built:

5. 618 S CONGRESS AVE WEST PALM BEACH, FL 33406

PID # 00-43-44-05-08-001-0010 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $93,483 Bathrooms: Land Area:15,300 sf Last Sale: $10 on 12/29/2004 Assessed Value: $93,483 Stories: Year Built:

6. 2888 OKLAHOMA ST WEST PALM BEACH, FL 33406

PID # 00-43-44-05-08-001-0040 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $122,426 Bathrooms: Land Area:20,037 sf Last Sale: $10 on 12/29/2004 Assessed Value: $122,426 Stories: Year Built:

7. 2934 OKLAHOMA ST WEST PALM BEACH, FL 33406

PID # 00-43-44-05-08-001-0070 Bedrooms: Bldg Area:

Owner: REALTORS ASSN OF THE PALM BEACHES Just Mkt Value: $122,426 Bathrooms: Land Area:20,037 sf Last Sale: $10 on 12/29/2004 Assessed Value: $122,426 Stories: Year Built:

Browsing Search Results 1 - 7 of 7 results

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RAPB CONGRESS/SUMMIT LAND ASSEMBLAGE