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Gelfand Realty Miami Properties - Commercial

MAMOUTH, INDIAN ROCKS BEACH, FL 33785

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Commercial -

MAMOUTH, INDIAN ROCKS BEACH, FL 33785

Sold Price$995,000 Asking Price$1,200,000

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  • Days on market:

    90 day(s)
  • Original Price:

    $1,200,000
  • Tax Legal Description:

    INDIAN BEACH RE-REVISED4TH ADD LOT 34 TOGETHER WITH TIIF SLL #520346293 THRU 3/1/2016 O.R.17234/1084
  • Tax Year:

    2016
  • Property Type:

    Commercial
  • Special Listing Conditions:

    None
  • Lot Features:

    Flood Insurance Required FloodZone

Description

$1,200,000

The last great piece of residential waterfront on irb. hidden away from the crowds and overlooking the bay this little piece of paradise has been preserved by a quaint 1950's style florida motel that has been converted into apartments. the land is currently zoned residential and can only be used for residential single family or its current use, the existing apartments. the highest and most probable best use would be to raze the building for new residential construction which would be in harmony with the surrounding neighborhood.

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