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$2,550,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10499371
Construction Status Resale
Total Fin. Sqft 13914
Year Built 1953
Annual Tax Amount $31,292
Tax Year 2022
Lot Size 0.319 Acres
Property Sub-Type Hotel
Property Description
One of a kind location to build up to 55 ft providing direct ocean views. RM 25 zoning. 3/4 acre lot. A1A and Hillsboro Blvd provide thousands of cars passing by this landmark location with local traffic from Millionaire Mile and Boca Raton. 14 units with office. 13 studio units and 1 2 bedroom unit. All units have kitchens and closets. If you look around you will find plenty of high end developments surrounding The Royal Palm Hotel. Hotels nearby asking $600-$700/night. Plenty of walkability taking you to Oceans 234, Billabong, Island Water Sports, Kilwin's, Patio Bar Happy Hour, Embassy Suites, Kahuna's and the boardwalk on Deerfield Beach. Fantastic exposure and opportunity to build in an area that calls for luxury.
Location
State FL
County Broward County
Area North Broward Ocean To Intracoastal (3111-3121)
Zoning RM-25
Interior
Flooring Terrazzo Floors
Exterior
Roof Type Comp Shingle Roof
Building
Story 1.0000
Foundation Concrete Block Construction
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
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Listed by Mari Juliette Real Estate
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