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Gelfand Realty Miami Properties for Sale - Business Opportunity for Sale

1231 HILLSBORO MILE, HILLSBORO BEACH, FL 33062

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Business Opportunity - for Sale

1231 HILLSBORO MILE, HILLSBORO BEACH, FL 33062

Asking Price$12,000,000

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  • Year Built 1957

  • Days on market:

    36 day(s)

  • Tax Legal Description:

    8-48-43 ALL THAT POR OF THE S 200 OF THE N 500 OF GOV LOT 1 LYING E OF ELY R/W//L OF STATE RD A1A AKA:UNDERLYING LAND FOR RAINBOW OCEANSHORE

  • Tax Year:

    2021

  • Property Type:

    Business Opportunity

Description

$12,000,000

A new opportunity for investors and developers looking to acquire a prime oceanfront building. the existing 30 unit building offers high income producing opportunities with 201' of direct ocean frontage, a private pool, private beach access, and is only an 8 minute walk to the deerfield beach pier, restaurants and shops. there is also potential for redevelopment or renovation of the existing building. a land lease with a 33-year term remaining is in place at $12,000 per year. this is the only prime oceanfront location available for new or redevelopment in the area. the possibilities are limitless.
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