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8 photos
$1,500,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Sold Price $1,500,000
Property Type Commercial Sale
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10499371
Year Built 1953
Annual Tax Amount $31,292
Tax Year 2022
Lot Size 0.320 Acres
Property Sub-Type Hotel/Motel
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. 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
Area 3111
Zoning RM-25
Interior
Flooring Terrazzo
Exterior
Parking Features Common
Roof Type Composition,Shingle
Building
Lot Description City Lot
Story 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Marissa J Albertine Mari Juliette Real Estate
Bought with John J McCann Boca Valley Realty Inc
Bought with John J McCann Boca Valley Realty Inc
Nearby School & Business
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