Commercial Sale · Multi Family
5133 Pine Grove Drive, West Palm Beach FL 33417, WEST PALM BEACH, FL, 33417
Active147 days on marketListed Mar 25, 2026MLS #B26007262
About this property
The property at a glance
Exceptional development opportunity for investors, builders, or developers. This 1.47-acre property is currently zoned Residential High Density with future land use supporting multi-family development. Situated within an Opportunity Zone, it offers potential tax incentives and streamlined permitting. The site currently allows for approximately 5 units per acre with a 35' height limit, with substantial upside through assemblage. The city has indicated that securing an adjacent parcel could enable a private road with direct access to Haverhill Rd., significantly increasing allowable density and overall value. A rare chance to capitalize on a strategically located growth corridor with so much potential!
1,536
Building sq ft
$911
Price / sq ft
1.47
Lot acres
1962
Year built
RH
Zoning
Multi Family
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$6,747/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
36,464
Population
$50,077
Median income
48.3
Median age
2.19
Avg household
$159,300
Median home value
$1,533/mo
Median rent
2,877
Households w/ kids
Recent sales
What actually sold near 5133 Pine Grove Drive
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$5,800,000
2240 Palm Beach Lakes Boulevard, West Palm Beach FL 33409
Sold Jun 15, 2026
$25
2845 N Military Trl # 26, West Palm Beach FL 33417
Sold Feb 1, 2026
$22
352 Tall Pines Rd # I, West Palm Beach FL 33413
Sold Feb 1, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 5133 Pine Grove Drive — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 5133 Pine Grove Drive.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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