Active

RD

SALEM OC, 59500

$35,000,000


$13.86 per sqft

Active

57.99 Acres

Land

LOCATION, VISIBILITY AND OPPORTUNITY ARE JUST SOME OF THE REMARKABLE EARMARKS OF THIS COMPLETELY LEVELED, READY TO DEVELOP, AND CENTRALLY LOCATED 58-ACRE COMMERCIAL/RESIDENTIAL LAND TRACT WITH A 1,000FT OF DIRECT OCEANFRONT AND BEACH ACCESS.

THIS "RARE AND UNIQUE" 58-ACRE LAND PARCEL IS IDEAL FOR A MIXED USE DEVELOPMENT THE INCORPORATES LARGE ANCHOR STORES SUCH AS; SUPERMARKETS, BANKS, RESTAURANTS (FAST FOOD/HIGH-END RESTAURANT CONCEPTS), MOVIE THEATRE, HARDWARE STORES, KNUTSFORD EXPRESS AND A HOST OF OTHER WELL NEEDED SERVICES WITHIN CLOSE PROXIMITY OF "VERY UNDER-SERVED AND HIGH NET WORTH COMMUNITIES" (RICHMOND ESTATES, PARADIASIAC BEACH CLUB, CARDIFF HALL, BENGAL BEACH, DISCOVERY BAY AND TRELAWNY) WITH RESIDENTIAL DEVELOPMENT POSSIBILITIES ALONG THE REAR AND OCEANFRONT PARCEL OF THE LAND.

THE NEIGHBOURING GATED "NEW OCEANFRONT HOMES" THAT ARE NESTLED JUST ACROSS THE STREET FROM THIS 58-ACRE LAND PARCEL ARE BEING SOLD FOR US$2,000,000+ EACH, WITH ABSOLUTELY NO RETAIL SHOPPING OR COMMERCIAL SERVICES WITHIN A 40-MILE RADIUS (OCHO RIOS, DRAXHALL, ST ANN'S BAY AND TRELAWNY ARE THE ONLY "CLOSE AND CURRENT OPTIONS" WHICH ALSO HAVE THEIR RESPECTIVE LIMITATIONS).

THIS GEM OF AN OPPORTUNITY IS CONVENIENTLY LOCATED AT THE MAIN ENTRANCE OF THE JEWELS RUNAWAY BAY RESORT AND IS RIPE FOR A PLETHORA OF USES.

THE VALUATION REPORT IS OVER THREE YEARS OLD AND REFLECTS A US$29,000,000.00 VALUE WITHOUT THE CONSIDERATION OF THE PROPERTY'S MULTI NEW MILLION DOLLAR HOME NEIGHBORS AND OTHERS.

A JOINT VENTURE/SELLER FINANCING WITH "MUTUALLY BENEFICIAL TERMS" WILL BE CONSIDERED.

THE PROPERTY SITS DIRECTLY ON THE NORTH SOUTH HIGHWAY, WITH AN EXTREMELY HIGH VISIBILITY, AND SEES OVER 800,000+ VEHICLES "DAILY".

THE PRICE IS EXTREMELY NEGOTIABLE AND THE OWNER WILL ENTERTAIN ALL REASONABLE OFFERS.

MULTIMILLION DOLLAR VILLAS (https://www.locatorzone.com/advert/palm-beach-at-runaway-bay-runaway-bay-jamaica/) SITS DIRECTLY ACROSS THE STREET FROM THIS GEM OF A PROPERTY AS WELL AS THE JEWEL RUNARAY BAY TO THE REAR OF THE PROPERTY.

THERE ARE NO RESTAURANTS, BANKING, SHOPPING, PROFESIONAL OFFICE WITHIN A 10 MILE RADIUS OF THIS HIGH INCOME EVER EVOLVING AREA.

"IF YOU BUILD IT, THEY WILL CERTAINLY COME"

O6190680

MLS ID

March 26, 2024

Listed

May 31, 2024

Updated

Map

RD
SALEM OC, 59500

Exterior/Building Features

Lot Size

57.99 Acres


Sewer

None

Other Property Details

Area Name

99999 - Unknown


Taxes

$400


Tax Frequency

Annually


Days on Market

2


Garage

No


View

Yes


View Description

Trees/Woods


County

Out of Area


Water Source

Public


Pool

No


Zoning

LAND


Buyer Agency Compensation

2.5%

Listed by PRA AND COMPANY REALTORS
Listing Contact: 754-444-0853 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Keith Flanagan participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated 5/31/2024, 2:31 PM UTC

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