Neighborhood: Washington Park, Palm Beach 5500; 5510
Tax Amount: $3,590
This building was built in the 50's as housing for farm workers. It is completely void of any upgrades. It is a shell with approx. 24 room approx. 16x16 and 2 large bathroom on the 1st and second floor with no fixtures. It is a shell. It is now zoned res with a use code of 7. Since there is no pluming or electrical in the building the best use would be storage rentals on the 2nd floor and possible offices on the 1st floor. There is no parking lot here so some vacant land could be purchased in the area for a parking lot. The owner will finance this purchase with $25,000 down payment for 3-5 years at 4.5% interest. In order to change the zoning you would have to the zoning board for a variance to be able to put something there besides residential.
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