109 14th

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