186-1 E Blue Heron Blvd - Ocean Lane Motel
22,244 SF Hospitality Building Offered at $3,500,000 at a 8% Cap Rate in Riviera Beach, FL 33404
INVESTMENT HIGHLIGHTS
- Seconds away from Singer Island
- zoned for multifamily, nursing home, hospital, professional office, nursing home, and more!
- 3 parcels included in the sale, lot size is almost an acre
- property can be demolished and can stay empty indefinitely (buy and hold) amazing investment opportunity in a great developmental area
EXECUTIVE SUMMARY
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)
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $73.00 | - |
1 of 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $800,863 |
ZONING
| Zoning Code | DG |
CONTACTS
-
Olivia Crocetti -
Shannon Zahn - Blue View Real Estate
