109 W 14th ST, Riviera Beach, FL 33404
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109 W 14th ST, Riviera Beach, FL 33404
109 W 14th ST, Riviera Beach, FL 33404
109 W 14th ST, Riviera Beach, FL 33404
109 W 14th ST, Riviera Beach, FL 33404
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Drew Saporito | Broker Associate

Drew Saporito | Broker Associate

+1(561) 309-3571
$ 1,080,000
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109 W 14th ST Riviera Beach, FL 33404

0.41 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Riviera In Pb 2

MLS Listing ID R11099262

HOA Y/N No

Annual Tax Amount $1,155

Tax Year 2024

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type Unimproved Land

Property Description

Turnkey Multifamily Development | Site Plan Approved | Permit Package Ready 109, 117 & 125 W 14th St, Riviera Beach, FL 33404. A rare, shovel-ready multifamily opportunity in the thriving redevelopment zone of Riviera Beach. This three-parcel assemblage is fully entitled and comes with a permit Submittal ready construction package, ideal for investors or developers seeking a ready to go development. The project consists of a two-story, 8-unit building featuring modern layouts and a strategic mix of unit types perfectly aligned with rental market demand. Total Units: 8 - (4) Three-Bedroom / Two-Bath Units (~$3,260 Market | $2,860 HCV) - (4) Two-Bedroom / Two-Bath Units (~$2,420 Market | $2,190 HCV)- Parking: 11 Off-Street Spaces. Total Rentable SF (Estimated): ~9,600 SF. Land Size: Approx. 0.41 Acres

Key Location Drivers:
Marina Village Expansion: $375M+ revitalization of Riviera Beach Marina District including mixed-use, retail, hotel, and residential.
Oculina Bank Headquarters Project: Major commercial redevelopment just blocks away, creating employment and foot traffic.
Strategic Proximity: Port of Palm Beach, US-1, Blue Heron Blvd, I-95, and major employment nodes.

Exit Strategies:
Build-to-Rent with strong cash flow via market or voucher leasing
Build-and-sell to institutional buyer at stabilization (6-7.5% cap rate)
Condo exit potential with individual unit sales post-CO

Offering Details:
Sale Price: $1,080,000
Delivery: As-Is, Site Plan Approved with Permit Package Ready for Submital
Zoning: Multifamily Residential
Utilities: Accessible and Available

Location

State FL

County Palm Beach

Area 5280

Zoning OP(cit

Direction North

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, None, Sewer Available, Water Available

Water Access Desc Public

Present Use Multi-Family,Unimproved

Building

Lot Description City Lot, 1/4 to 1/2 Acre Lot

Faces North

Sewer Public Sewer

Water Public

Others

Tax ID 56434233060040030

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/109-W-14th-Street-Riviera-Beach-FL-33404/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Arron Thomas Touchstone-Webb Realty Co.

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109 W 14th ST