Address2565 S Ocean Blvd, Palm Beach, FL, 33480

Price$5,000,000

  • Commercial
  • 4,031 SQ FT
  • Built in 1968

EXTRAORDINARILY RARE opportunity for a developer of luxury condominiums or hotels!! 5 units (2 are combined as 1 currently) giving veto power against any other developer for the owner/buyer. This leverage is the first step in acquiring both buildings for a new project likely to be luxury condominiums or a hotel as mentioned based on permitting and approval. Buildings approaching 60 years and one of the first condominium complexes on this strip. This the IDEAL project for a SERIOUS developer or hotel looking for 33480 Palm Beach LOCATION and leverage to create a new oceanfront and Intracoastal views landmark!

Essential Information

  • MLS® #RX-10979087
  • Price$5,000,000
  • Taxes$21,301 (2023)
  • Square Footage4,031
  • Acres0.00
  • Price/SqFt$1,240 USD
  • Year Built1968
  • TypeCommercial
  • Sub-TypeMixed, Hotel/ Motel, Other
  • StyleCondo, Hotel / Motel
  • StatusNew

Community Information

  • Address2565 S Ocean Blvd
  • Area5004
  • SubdivisionPALM BEACH WHITEHOUSE
  • CityPalm Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33480

Amenities

  • Utilities3-Phase Electric
  • Is WaterfrontYes

Interior

  • AppliancesBuilding Only
  • HeatingCentral
  • CoolingCentral
  • # of Stories3

Exterior

  • Lot DescriptionSee Remarks
  • RoofOther

Additional Information

  • Days on Website13
  • ZoningR-D(1)

Listing Details

  • OfficeGreenfield Waters, LLC

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