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Listed by FlatFee.com
$ 18,000,000
Est. payment /mo
Active
5060 N Ocean DR Riviera Beach, FL 33404
13 Baths
1.11 Acres Lot
UPDATED:
11/07/2024 07:00 AM
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Subdivision Condado Inc
MLS Listing ID RX-11034811
Year Built 1966
Annual Tax Amount $8,316
Tax Year 2023
Lot Size 1.110 Acres
Property Description
Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200feet.
Location
State FL
County Palm Beach
Area 4110
Zoning RM-20(
Interior
Heating Central
Cooling Central
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Electric
Waterfront Description Oceanfront
Roof Type Other
Building
Story 100.00
Foundation CBS
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash