561$5,000,000
2565 S Ocean BoulevardPalm Beach, FL 33480
MLS# RX-10979087
4031 sqft
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Property Description
EXTRAORDINARILY RARE opportunity for a developer of luxury condominiums or hotels!! 5 units (2 are combined as 1 currently) giving veto power against any other developer for the owner/buyer. This leverage is the first step in acquiring both buildings for a new project likely to be luxury condominiums or a hotel as mentioned based on permitting and approval. Buildings approaching 60 years and one of the first condominium complexes on this strip. This the IDEAL project for a SERIOUS developer or hotel looking for 33480 Palm Beach LOCATION and leverage to create a new oceanfront and Intracoastal views landmark!
Details
Maps
Contract Information
Status: Active
Original List Price: 5000000
Auction: No
List Price: $5,000,000
Current Price: $5,000,000
List Price/Bldg SqFt: 1240.39
Listing Date: 2024-04-17
Comm/Non-Rep: 3.0%
Comm/Buyer Agent: 3.0%
Comm/Trans Brk: 3.0%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: See Remarks
Subdivision: PALM BEACH WHITEHOUSE
Year Built: 1968
SqFt - Living: 4031
SqFt Source: Tax Rolls
# of Stories: 3
Total Units: 5
% Air Conditioned: 100
Waterfront: Yes
Location, Tax & Legal
Area: 5004
Geo Area: PB30
Country: United States
County: Palm Beach
Parcel ID: 50434411040003240
Street #: 2565
Street Dir: S
Street Name: Ocean
Street Suffix: Boulevard
State/Province: FL
Zip Code: 33480
Zoning: R-D(1)
Legal Desc: See Broker Remarks
Tax Year: 2023
Real Estate Taxes: 21301
Geo Lat: 26.627218
Geo Lon: -80.037739
Remarks & Misc
Directions: Palm Beach 33480 in between the Atlantic Ocean and Intracoastal.
Office/Member Info
DXORIGMLNO: RX-10979087
DXORIGMLSID: RML
Property Features
Use: Hotel/ Motel; Mixed; Other
Type of Building: Condo; Hotel / Motel
Sale Includes: Building Only
Avail Docs: Abstract
Avail Info: By-Laws & Docs; Full Financials
Flooring: Other
Cooling: Central
Heating: Central
Fire Protect: Sprinkler
Tenant Pays: Electric
Utilities: Electric
Roof: Other
Terms Considered: Cash; Other
Lease: None
Possession: Funding
Listing Office: Greenfield Waters, LLC
Last Updated: April - 17 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Thursday 16th of May 2024 07:36 AM
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