10 NE 20th Ave - Hospitality FOR SALE


Deerfield Beach, FL 33441
$3,300,000 USD
954-247-1740
10 NE 20th Ave, Deerfield Beach, FL for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

10 NE 20th Ave
Deerfield Beach, FL 33441


HIGHLIGHTS

  • Walkable to Oceans 234
  • Near Millionaire Mile
  • Close proximity to Boca Raton
  • Roughly a mile away from Rosewood Residence
  • IWS nearby

OVERVIEW

This property can be renovated, with approval from the city. RM 25 zoning allows you to build up to 55 ft. 3/4 acre lot. A1A and Hillsboro Blvd provide thousands of cars passing by this landmark location with local traffic from Millionaire Mile and Boca Raton. If you look around you will find plenty of high end developments surrounding The Royal Palm Hotel. Hotels nearby asking $600-$700/night in April 2024. Plenty of walkability taking you to Oceans 234, Billabong, Island Water Sports, Kilwin's, Patio Bar, Embassy Suites, Kahuna's and the boardwalk on Deerfield Beach.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$715 USD /SF

# OF ROOMS

14

PRICE/ROOM

$235,714 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Palm Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM-25

APN/PARCEL ID

48-43-05-04-0540

ASK ABOUT THIS PROPERTY

Marissa AlbertineMari Juliette Real EstateMore Info
954-247-1740

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Marissa AlbertineMari Juliette Real EstateMore Info
954-247-1740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.