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1231 Hillsboro MileHillsboro Beach, FL 33062

$12 Million

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, 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.

1231 Hillsboro Mile | MLS# F10340064

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.

STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Features

Property Type Multi Unit - Multiple
Heating Central Building A/C
Lot Size 1.46 Acres
Taxes $74,142
Year Built 1957

Feature Descriptions

Days on Site 194
Lot Dimensions 1.34 ACRES
Parcel # 484308PR9999
Sewer Other Sewer
Units 30
Water Public Water

Listing courtesy of:

Listed By

Agency Name Beautiful Homes Realty Inc
Agency Phone (561) 392-7875

Shown By

Agency Title Premier Estate Properties
Agency Phone

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