150-206 Inlet Way #1, Palm Beach Shores, 33404

Commercial - Income, Hotel/ Motel, Other For Sale in PALM BEACH SHORES

$9,500,000

Beds
Baths
17,864Sqft
1.34Acres
1950Built
MLS® #: RX-10479391
Active , 34 Days on Website

New SVN Income-Producing Multifamily, Single-Family Guest Cottages, or Redevelopment Opportunity. Singer Island Portfolio of three separate multi-family parcels. Together, the properties contain a total of 23-units which span 225 feet along The Palm Beach Inlet. They can be acquired separately or together as the portfolio.150 Inlet Way contains a total of seven units. This multi-family property includes two buildings: the front building contains four studios, and the rear building contains three larger units, one unit being on the second floor. 200 Inlet Way contains a total of six units. This multi-family property includes two one-bedroom units in the front, three studios in the middle, and one large unit at the rear of the property. 206 Inlet Way contains a total of ten units.This multi-family property includes four studios, five one-bedroom units, one unit being on the second floor, and one two-bedroom unit. Each parcel includes a swimming pool, and gorgeous, unobstructed view of the Palm Beach Inlet, Atlantic Ocean, and the Island of Palm Beach. The total building size for all three parcels is 17,864 SF. Current zoning permits 60,000 of build-able square feet across the three parcels. Receive significant cash flow while proceeding with a redevelopment plan. Land use includes hotel or motel, single-family and multi-family residential. Redevelopment options include an increase to a 40 unit multifamily development project, or a 74 unit hotel.

Price & Status History

Date Details
Status Changed from New to Active

Essential Information

MLS® #: RX-10479391
Price: $9,500,000
Square Footage: 17,864
Acres: 1.34
Year Built: 1950
Type: Commercial
Sub-Type: Income, Hotel/ Motel, Other
Style: Free Standing, Resident. Multi-Fam.
Status: Active

Community Information

Address: 150-206 Inlet Way #1
Area: 5240
Subdivision: PALM BEACH SHORES
City: Palm Beach Shores
County: Palm Beach
State: FL
Zip Code: 33404

Amenities

Utilities: Cable, 3-Phase Electric, Municipal Water
Is Waterfront: Yes

Interior

Appliances: Building and Land
Heating: Central
Cooling: Central
# of Stories: 2

Exterior

Lot Description: Multifamily Portfoli
Roof: Other

Additional Information

Listing Office: SVN Florida PB LLC
Zoning: DISTRICT C

Financials

$/SqFt: $532

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Listing information last updated on December 13th, 2018 at 3:00am EST.