Description
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, and the building owner retains the right of first refusal to purchase the land lease at any time during the lease. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.
Location
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Courtesy of: Beautiful Homes Realty Inc © 2022 Greater Fort Lauderdale REALTORS®. All rights reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of the Fort Lauderdale Association of Realtors, Inc (RETS). Real estate listings held by brokerage firms other than Signature Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker. Updated: 28th January, 2023 2:44 AM (UTC)
