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$12,000,000 • waterfront access
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 33-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.Gelfand Realty Miami Properties for Sale - Commercial for Sale
Back 1231 HILLSBORO MILE, HILLSBORO BEACH, FL 33062
Commercial - for Sale
1231 HILLSBORO MILE, HILLSBORO BEACH, FL 33062
Asking Price$12,000,000
Share by:
- Year Built 1957
-
Days on market:
120 day(s) Tax Legal Description:
8-48-43 ALL THAT POR OF THE S 200 OF THE N 500 OF GOV LOT 1 LYING E OF ELY R/W//L OF STATE RD A1A AKA:UNDERLYING LAND FOR RAINBOW OCEANSHORETax Year:
2021-
MLS:
F10340064 -
Property Type:
Commercial -
Waterfront:
Yes
Heating Description:
Central Building A/CSewer Description:
Other Sewer