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.
This multi-family property located at 1231 Hillsboro Mile, Hillsboro Beach, FL 33062 is currently listed for sale with an asking price of $12,000,000. Search Hillsboro Beach real estate on www.premierestateproperties.com today.
Agency Name Beautiful Homes Realty Inc
Agency Phone (561) 392-7875
Agency Title Premier Estate Properties