Development Opportunity West Palm
Costa Bella Realty Group
-
Registered as: Agent/Broker
-
330 N Federal Highway Hollywood,Fl. 33020
- 9549212800
- lonna@costabellarealtygroup.com
Similar Properties
Development
1853 & 1865 Donnell Rd., Palm Beach County, Florida, 33409
Size: 20,996 sq. ft.
Price: $3,140,000
Multifamily / Mixed-Use Development...
This is a rare infill redevelopment opportunity located in Newark, a growing Bay Area city strategically positioned between Oakland and San Jose, with strong access to major employment hubs in Silicon Valley and the Peninsula.
The offering includes two adjacent parcels (6417 & 6433 Thornton Ave) totaling approximately ±0.48 acres, zoned Residential High Density within the city’s Old Town Specific Plan, an area targeted for higher-density housing and long-term urban growth.
The site is well-suited for multifamily or mixed-income residential development, with the potential to significantly increase unit count through California’s State Density Bonus Law, particularly when incorporating affordable housing. The City of Newark has been notably supportive of new residential projects, helping streamline the entitlement process for developers.
The property is located directly near a newly approved 59-unit affordable housing project, reinforcing the city’s commitment to expanding housing in this corridor and providing a strong indicator of future development momentum.
This is an ideal opportunity for investors seeking a Bay Area foothold with scalable density potential, favorable zoning, and proximity to major job centers, all within a more accessible price point compared to surrounding cities.
Adan Alva
Development, Restaurant, Retail
1853 & 1865 Donnell Rd., Palm Beach County, Florida, 33409
Size: 4,850 sq. ft.
Price: $2,600,000
Development Opportunity
One Sotheby's International Realty is proud to present an exceptional development opportunity located at 4019 S LeJeune Rd., in the vibrant city of Coral Gables, FL. This property offers an ideal space for developers looking to establish their presence in a prime and bustling location, consisting of 4,850 SF and featuring 50' of frontage on LeJeune Rd. Zoning allows for Retail/Residential with a maximum of 11,469 sf. The maximum building footprint is 3,825 sf allowing for 18 dwelling units with a three story maximum height.
Facing SW 42nd Ave., also known as LeJeune Rd., the property has an average of 26,000 vehicles per day (VPD). LeJeune Rd. is one of the city's main arterial corridors connecting various neighborhoods and provides access to many popular destinations within the city and the surrounding areas of Miami-Dade.
Situated in Coral Gables, FL the "City Beautiful", 4019 S LeJeune Road benefits from an excellent location surrounding a multitude of residential, retail and office buildings. The property benefits from being in a highly dense residential area consisting of multiple affluent neighborhoods just across Bird Road, thereby providing potential customers and facilitating a wide range of businesses. With its strategic positioning, this property presents a lucrative opportunity for any investor or developer seeking to own real estate in an optimally concentrated residential and commercial mixed area.
4019 S LeJeune Road benefits from numerous public transportation systems running directly through and in close proximity to the property. The MetroBus system has two separate directional routes, North-South and East-West, both crossing in front of the property, as well as the Miami Dade Metrorail station just half a mile away.
Investment Highlights
- 50' frontage on LeJeune Rd.
- Very Walkable (85 Walk Score)
- Multiple options for public transportation
- Centered between commercial and residential areas
- Property is centrally located near the Miami International Airport, Coconut Grove, Brickell, Downtown and Wynwood.
Manny Chamizo