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$ 12,000,000
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Active
1231 Hillsboro Mile Hillsboro Beach, FL 33062
UPDATED:
08/16/2024 06:19 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10340073
HOA Y/N No
Year Built 1957
Annual Tax Amount $74,142
Tax Year 2021
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 33-year term remaining is in place at $12,000 per year. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.
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. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.
Location
State FL
County Broward County
Area North Broward Ocean To Intracoastal (3111-3121)
Zoning RM-16
Exterior
Water Access N
Private Pool No
Others
Pets Allowed No
Acceptable Financing Cash, Conventional/Refinance
Listing Terms Cash, Conventional/Refinance
Listed by Beautiful Homes Realty Inc