FL > Riviera Beach > Condado Inc
Riviera Beach, FL 33404,5060 N Ocean DR
Riviera Beach, FL 33404,5060 N Ocean DR
Riviera Beach, FL 33404,5060 N Ocean DR
Riviera Beach, FL 33404,5060 N Ocean DR
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Leigh Ann Weston

Leigh Ann Weston

+1(561) 978-0799
Listed by FlatFee.com
$ 18,000,000
Est. payment | /mo

13 Baths

1.11 Acres Lot

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$ 18,000,000
Est. payment | /mo
Save Virtual Tour

13 Baths

1.11 Acres Lot

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Subdivision Condado Inc

MLS Listing ID RX-11034811

Year Built 1966

Annual Tax Amount $8,316

Tax Year 2023

Lot Size 1.110 Acres

Property Sub-Type MultiFamily (5+ Units)

Property Description

Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200feet.

Location

State FL

County Palm Beach

Area 4110

Zoning RM-20(

Interior

Heating Central

Cooling Central

Flooring Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Electric

Waterfront Description Oceanfront

Roof Type Other

Building

Story 100.00

Foundation CBS

Others

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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5060 N Ocean DR