240 Oleander Ave - Apartments FOR SALE


Palm Beach, FL 33480
$5,700,000 USD
561-571-1015
240 Oleander Ave, Palm Beach, FL for Sale
$5,700,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

240 Oleander Ave
Palm Beach, FL 33480


HIGHLIGHTS

  • Walking Distance to the Beach, Intracoastal, Numerous Restaurants, Entertainment and Houses of Worship
  • One of the Largest Lots on Oleander Ave with ARCOM Approved Full Set of Architectural Plans for 5 Bed, 6.5 Bath Home
  • 4 Minutes to Downtown West Palm Beach and 12 Minutes from Palm Beach International Airport

OVERVIEW

Welcome to the heart of whats happening in the exclusive Palm Beach Island. This prime development property currently features a three unit (2x 1-Bedroom & 1x 2-Bedroom) apartment building that sits on one of the largest lots on Oleander Ave has been re-envisioned with a full set of ARCOM approved architectural plans for a stunning 5-bedroom, 6.5-bath chateau. Imagine waking up just a few steps away from breathtaking ocean and intracoastal views in a home designed with every luxury and entertainment in mind. Envision expansive living spaces, a gourmet kitchen, and a master suite with a spa-like bathroom and private terrace. Outdoors, plans include a lavish pool, and a beautifully landscaped garden, positioned walking distance from houses of worship. Palm Beach offers world-class dining, high-end shopping, and cultural attractions. Don't miss this rare opportunity and make your dream home a reality.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$1,579 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,900,000

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-C—MEDIUM DENSITY RESIDE

APN/PARCEL ID

50-43-43-15-06-000-0110

ASK ABOUT THIS PROPERTY

Joacim BorgIndex Investment GroupMore Info
561-571-1015

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Joacim BorgIndex Investment GroupMore Info
561-571-1015

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