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240 Oleander Ave

3 Unit Apartment Building $5,850,000 ($1,950,000/Unit) Palm Beach, FL 33480

Apartment Buildings Florida Palm Beach 240 Oleander Ave, Palm Beach, FL 33480

Investment Highlights

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

Executive Summary

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.

Attachments

240 Oleander FINAL

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,850,000 Building Class B
Price Per Unit $1,950,000 Lot Size 0.19 AC
Sale Type Investment Construction Status Converted
Sale Conditions
High Vacancy Property
  • Redevelopment Project
 Building Size 3,610 SF
No. Units 3 Average Occupancy 0%
Property Type Multifamily No. Stories 2
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
 Year Built 1952
Apartment Style Garden Parking Ratio 1.39/1,000 SF
Price $5,850,000
Price Per Unit $1,950,000
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 0.19 AC
Construction Status Converted
Building Size 3,610 SF
Average Occupancy 0%
No. Stories 2
Year Built 1952
Parking Ratio 1.39/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer
  • Ceiling Fans
  • Kitchen
  • Range
  • Tub/Shower
  • Yard
  • Family Room
  • Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
2+1 1 - -

Links

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Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
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of any address. Transit Score®
measures access to public transit. Bike Score®
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Learn How It Works Detailed Scores

zoning

Zoning Code R-C—MEDIUM DENSITY RESIDE (R-C—MEDIUM DENSITY RESIDENTIAL (50-PALM BEACH). Currently zoned for 3 units of multifamily, approved to rezone to single family.)
R-C—MEDIUM DENSITY RESIDE (R-C—MEDIUM DENSITY RESIDENTIAL (50-PALM BEACH). Currently zoned for 3 units of multifamily, approved to rezone to single family.)
(561) 571-1015

  • Listing ID: 32128337

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 240 Oleander Ave, Palm Beach, FL 33480

More public record information on 240 Oleander Ave, Palm Beach, FL 33480

The Multifamily Property at 240 Oleander Ave, Palm Beach, FL 33480 is currently available For Sale. Contact Index Investment Group for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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240 Oleander Ave, Palm Beach, FL for sale Primary Photo- Image 1 of 13
South View
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 2 of 13
South West View
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 3 of 13
Approved Elevation Front
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 4 of 13
Approved Elevation Rear
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 5 of 13
South East View, Building Digitally Removed
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 6 of 13
South East View
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 7 of 13
Approved 2nd Floor Plan
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 8 of 13
Approved 1st Floor Plan
240 Oleander Ave, Palm Beach, FL for sale Building Photo- Image 9 of 13
South View
240 Oleander Ave, Palm Beach, FL for sale Site Plan- Image 10 of 13
Proposed Building Site Plan
240 Oleander Ave, Palm Beach, FL for sale Site Plan- Image 11 of 13
Proposed 1st Floor Plan
240 Oleander Ave, Palm Beach, FL for sale Site Plan- Image 12 of 13
Proposed 2nd Floor Plan

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240 Oleander Ave
(561) 571-1015 x

240 Oleander Ave

Joacim Borg

(561) 571-1015

(561) 571-1015

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