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16169 Southern Boulevard Loxahatchee Groves, FL 33470

  • lot size area: 849,742
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Land-Active $ 4,500,000

MLS#: RX-10472380

Courtesy of: The Keyes Company

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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*** THE PROPERTY IS JUST WEST OF THE NEW PALM BEACH STATE COLLEGE CAMPUS, CURRENTLY A 54,000 SF EDUCATIONAL FACILITY, HAS PLANS TO HOLD A TOTAL OF 10,000 STUDENTS IN 500,000 SF. LOXAHATCHEE GROVES IS BOUNDED ON THE EAST BY ROYAL PALM BEACH, ON THE SOUTH BY WELLINGTON AND ON THE WEST AND NORTH BY THE ACREAGE. IT HAS AN AREA OF APPROXIMATELY 12.5 SQUARE MILES (32.4 KM2). IT IS THE PATH OF EXPONENTIAL GROWTH IN THE NEAR FUTURE AND MANY WELL KNOWN DEVELOPERS HAVE TAKEN THE INITIATIVE TO BUILD BRAND NEW SPRAWLING COMMUNITIES AROUND THE TOWN GIVING MORE PROMINENCE. THESE COMMUNITIES WILL ADD TO THE DAILY TRAFFIC WHICH WILL HEAVILY DEPEND ON SOUTHERN BOULEVARD BEING THE MAJOR STATE ROAD CONNECTING NEW DEVELOPMENTS TO THE FLORIDA TURNPIKE AND I-95. A $33 MILLION FLORIDA DEPT OF TRANSPORTATION PROJECT THAT IS EXPECTED TO TAKE 3 YEARS TO COMPLETE WILL WIDEN THE EXISTING ROAD WAY FROM FOUR TO SIX LANES FROM WEST OF LION COUNTRY SAFARI ROAD TO THE INTERSECTION OF FOREST HILL AND CRESTWOOD BOULEVARDS. THIS 7.2-MILE STRETCH OF ROAD RUNS THROUGH ROYAL PALM BEACH, WELLINGTON AND LOXAHATCHEE GROVES. THE PROJECT WAS NEEDED BECAUSE OF THE SIGNIFICANT AMOUNT OF NEW DEVELOPMENT IN THE AREA AND A CORRESPONDING POPULATION INCREASE; IT IS ESTIMATED THAT THE TRAFFIC COUNT WILL GROW TO 80,000 AADT. THE ASKING PRICE FOR THIS PROPERTY IS AN AS-IS PRICE AND NOT SUBJECT TO ENTITLEMENTS.

Specifications


    Location, Tax & Legal


  • 41763.1
  • No
  • No
  • 2017
  • N/A

    Trees


  • 1

    Contract Information


  • 230650.95
  • No

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