3395 2nd Av N, Palm Springs, FL


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About 3395 2nd Av N

This is a wonderful opportunity to develop a housing project. Zoning is RM Multi-Family Residential (Medium Density). Currently use code is 71 The subject is an irregularly shaped lot of 3.4218 acres located on the north side of 2nd AvenueN, between Davis Road and Miller Road. The subject fronts 130 feet on 2nd Avenue N.This site features 0.5179 acres of building site and 2.9039 acres of a gravel pit currently filledwith water.The subject building was built in 1960 and contains 2,258 square feet. There are four apartments,with one 2-bedroom/2-bathroom unit and three efficiency units. Recent improvements include anew roof ($30,000) and repairs of approximately 37,0000 of remove popcorn ceiling, interiorpaint, new flooring, wall unit air conditioningunits, shutters, gutters, sprinklers. The land value is based upon the extraordinary assumption that the subject gravel pit has availability to be filled and all of the property of 3.4218 acres to be dirt and developable. Based on all the information available, after the gravel pit is filled in, the value of vacant land is significantly more than with the current improvements. So the as completed value is based on razing all improvements and marketing the entire property as vacant land. Based on availability for gravel pit to be filled and all of the property of 3.4218 acres to be dirt and developable, this would be the Highest & Best Use: Multi- Family based on resent appraisal study.

Features of 3395 2nd Av N

MLS® # RX-10997037
USD $1,300,000
CAD $1,777,282
CNY 元9,436,570
EUR €1,188,724
GBP £997,468
RUB ₽114,559,380
Acres 3.33
Year Built 1960
Type Business
Sub-Type Other
Style Free Standing, Special Purpose
Status Active

Community Information

Address 3395 2nd Av N
Area 5660
Subdivision SUB 19-44-43
City Palm Springs
County Palm Beach
State FL
Zip Code 33461


Utilities Cable, 3-Phase Electric
Is Waterfront Yes
Waterfront Lake


Appliances Building and Land
Heating Electric
Cooling Wall-Win A/C
# of Stories 1


Lot Description RM (city)/MULTI-FAMI
Roof Comp Shingle
Construction CBS

Additional Information

Date Listed June 18th, 2024
Days on Market 28
Zoning RM (city)/MULTI
RE / Bank Owned No
Parcel ID 70434419200570080

Listing Details

OfficeWeichert, Realtors - True Quality Service

Listing Map

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