Property Overview
An exceptional opportunity to acquire a prime multifamily development site in the heart of Palm Beach County. Located at 5321 Maine St, Lake Worth, this parcel has the potential to support a 92-unit residential community, catering to the region’s rapidly growing demand for quality rental and ownership housing. With strong demographics, excellent transportation access, and favorable zoning, this site is perfectly positioned for developers seeking large-scale residential projects.
Land & Development Features
Approved/entitled for up to 92 multifamily residential units
Zoning allows for mid-density development, ideal for apartments or condominiums
Level, buildable site with infrastructure in place or nearby (water, sewer, electric)
Efficient site plan potential for maximizing density while maintaining community appeal
Flexibility in design — apartments, condominiums, or townhome-style units
Investment Highlights
Scale advantage: 92 units provide strong economies of scale for construction and management
High rental demand ensures strong lease-up potential and stable cash flow post-construction
Rare development site of this size in the Lake Worth market
Attractive long-term hold strategy: income-producing multifamily or condo sellout
Excellent value-add opportunity for investors looking to deliver much-needed housing inventory
Location & Market Advantages
Centrally located in Lake Worth, Palm Beach County — one of South Florida’s fastest-growing rental markets
Immediate access to major highways: I-95 and Florida’s Turnpike
Close to shopping centers, schools, healthcare facilities, and employment hubs
Minutes to downtown Lake Worth Beach, Boynton Beach, and West Palm Beach
Strong population growth and limited new housing supply continue to drive demand for multifamily developments
📌 Summary: 5321 Maine St presents a rare opportunity to develop a 92-unit residential community in one of Palm Beach County’s most dynamic submarkets. With its prime location, scale, and strong market fundamentals, this site is perfectly suited for builders, institutional investors, or developers looking to capitalize on South Florida’s housing shortage and long-term demand