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.
Property Highlights:
Status: Site Plan Approved | Permits Ready to Submit
Address: 109, 117, 125 W 14th St, Riviera Beach, FL 33404
Building Type: 2-Story Multifamily
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
Arron Thomas
Touchstone Webb Realty Company
