186-1 E Blue Heron Blvd - Hospitality FOR SALE


Riviera Beach, FL 33404
$3,500,000 USD
561-906-0206
186-1 E Blue Heron Blvd, Riviera Beach, FL for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/9
null | 8% Cap Rate

186-1 E Blue Heron Blvd
Riviera Beach, FL 33404


HIGHLIGHTS

  • Seconds away from Singer Island
  • 3 parcels included in the sale, lot size is almost an acre
  • zoned for multifamily, nursing home, hospital, professional office, nursing home, and more!
  • property can be demolished and can stay empty indefinitely (buy and hold) amazing investment opportunity in a great developmental area

OVERVIEW

3 PARCELS INCLUDED IN THE SALE!! 3 buildings total, two ''L'' shaped motel buildings with a quadplex in the middle. Currently operating as a cash flowing motel, the business is not for sale. The city of Riviera will allow for residential/ multi family, daycare, nursing home, hospital, professional office and more. This is a great opportunity to own almost an acre of land seconds away from Singer Island in a wonderful developmental area. The other parcel ids are (56-43-42-28-00-000-0420 AND 56-43-42-28-12-000-0401 20 as well as the one listed)

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$157 USD /SF

# OF ROOMS

20

PRICE/ROOM

$175,000 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Lane Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

DG

APN/PARCEL ID

56-43-42-28-00-000-0420,56-43-42-28-12-000-0401,56-43-42-28-12-000-0420

ASK ABOUT THIS PROPERTY

Olivia CrocettiBlue View Real EstateMore Info
561-906-0206

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Olivia CrocettiBlue View Real EstateMore Info
561-906-0206

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