Commercial For Sale — $1,975,000 — 4947 Pine Ridge Ln, West Palm Beach – #83107

Executive Summary
Pine Ridge Gardens is a 2.22-acre commercial land offering at 4910 Pine Ridge Lane, fully approved for multifamily development. The site received approvals in Fall 2025 for a 36-unit apartment community consisting of 18 two-bedroom, two-bathroom units and 18 one-bedroom, one-bathroom units. The approved plans allow for 36,335 square feet of buildable area within a total of 95,832 square feet, presenting a well-scaled development opportunity positioned for long-term demand.
Showcasing a contemporary, well-balanced residential façade, the elevation plans feature clean rooflines, modern finishes, and a strong vertical rhythm. Large, evenly spaced windows create a symmetrical visual cadence while signaling bright, naturally lit interiors. The overall architectural approach delivers a polished look that aligns with current renter expectations, supporting strong marketability.
The property's zoning and approvals also allow flexibility beyond traditional multifamily use, with additional development options including assisted living or nursing facilities, rehabilitation centers, and religious establishments, broadening the appeal to various investors and developers seeking adaptable land in a high-demand corridor.
Positioned between Interstate 95 and Florida's Turnpike, the site offers exceptional connectivity to Downtown West Palm Beach and Palm Beach International Airport (PBI). On the edge of the Haverhill community, the surrounding area features a dense residential population supported by nearby amenities and services. Within a 5-mile radius, the population reached 305,190 in 2025, projected by CoStar to exceed 323,000 by 2030. Average household incomes of $90,170 support approximately $3.3 billion in consumer spending, reinforcing the area's status as a growing, sustainable market.

Allowed by right

Agriculture, Storage [Agricultural] (DRO site-plan approval), Bed and Breakfast [Commercial] (DRO site-plan approval), Community Vegetable Garden [Agricultural], Cottage Home [Residential], Electric Distribution Substation [Utility] (DRO site-plan approval), Family Community Residence [Residential], Large Family Child Care Home [Institutional, Public & Civic] (DRO site-plan approval), Minor Utility [Utility] (DRO site-plan approval), Park, Neighborhood Infill [Recreation], Park, Passive [Recreation] (DRO site-plan approval), Place of Worship [Institutional, Public & Civic] (DRO site-plan approval), Recovery Community [Residential], Shade House [Agricultural], Single Family [Residential], Townhouse [Residential] (DRO site-plan approval), Transitional Community Residence [Residential], Type 1A Excavation [Excavation], Type 1B Excavation [Excavation] (DRO site-plan approval), Zero Lot Line Home (ZLL) [Residential] (DRO site-plan approval)

With special approval

Agricultural Excavation [Excavation] (Class A conditional use - BCC), Agriculture, Bona Fide [Agricultural] (Class A conditional use - BCC), Assembly Institutional Nonprofit [Institutional, Public & Civic] (Class A conditional use - BCC), Cemetery [Institutional, Public & Civic] (Class A conditional use - BCC), Congregate Living Facility [Residential] (Class A conditional use - BCC), Day Care General [Institutional, Public & Civic] (Class A conditional use - BCC), Day Care Limited [Institutional, Public & Civic] (Class B conditional use - Zoning Commission), Electric Transmission Substation [Utility] (Class A conditional use - BCC), Golf Course [Recreation] (Class A conditional use - BCC), Government Services [Institutional, Public & Civic] (Class A conditional use - BCC), Multifamily [Residential] (Class A conditional use - BCC), Nursery, Retail [Agricultural] (Class A conditional use - BCC), Nursery, Wholesale [Agricultural] (Class B conditional use - Zoning Commission), Park, Public [Recreation] (Class B conditional use - Zoning Commission), Produce Stand [Agricultural] (Class A conditional use - BCC), Renewable Energy Solar Facility [Utility] (Class B conditional use - Zoning Commission), Renewable Energy Wind Facility [Utility] (Class A conditional use - BCC), Rooming and Boarding House [Commercial] (Class A conditional use - BCC), School - Elementary or Secondary [Institutional, Public & Civic] (Class A conditional use - BCC), Skilled Nursing or Residential Treatment Facility [Institutional, Public & Civic] (Class A conditional use - BCC), Stable, Commercial [Agricultural] (Class A conditional use - BCC), Stable, Private [Agricultural] (Class B conditional use - Zoning Commission), Type 2 Excavation [Excavation] (Class A conditional use - BCC), Water or Wastewater Treatment Plant [Utility] (Class A conditional use - BCC)