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1231 Hillsboro Mile

Hillsboro Beach, FL 33062
  • $12,000,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: F10340073
UPDATED: 59 min ago
$12,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1957
County:
Area:

School Ratings & Info

Description

A new opportunity for investors and developers looking to acquire a prime oceanfront building. The existing 30 unit building offers high income producing opportunities with 201' of direct ocean frontage, a private pool, private beach access, and is only an 8 minute walk to the Deerfield Beach pier, restaurants and shops.There is also potential for redevelopment or renovation of the existing building. A land lease with a 34-year term remaining is in place at $12,000 per year, and the building owner retains the right of first refusal to purchase the land lease at any time during the lease. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-08-17T18:18:22.84.
www.housesinpalmbeachcounty.com/homes/131177460
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1231 Hillsboro Mile Hillsboro Beach, FL 33062

  • Price: $12,000,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 59 min ago
  • ID#: F10340073
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1957
Built
Neighborhood:
3112
County:
Broward
Area:
3112
Property Description
A new opportunity for investors and developers looking to acquire a prime oceanfront building. The existing 30 unit building offers high income producing opportunities with 201' of direct ocean frontage, a private pool, private beach access, and is only an 8 minute walk to the Deerfield Beach pier, restaurants and shops.There is also potential for redevelopment or renovation of the existing building. A land lease with a 34-year term remaining is in place at $12,000 per year, and the building owner retains the right of first refusal to purchase the land lease at any time during the lease. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.
Exterior Features

Approximate Lot Size 1.34 Acres Location Of Property Beach AccessWaterfront Parking Spaces 38

Property Features

Auction YN No Electric Service Other Electric Geographic Area North Broward Ocean To Intracoastal (3111-3121) Information Available Aerial Photo(S) Short Sale No Tax Amount 74142 Tax Year 2021 Terms Considered CashConventional/Refinance Zoning Information Rm-16

Listing provided courtesy of Beautiful Homes Realty Inc. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-08-17T18:18:22.84.
 
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Goodrich Real Estate
2000 pga blvd 4440
Palm Beach Gardens FL, 33408