2565 S Ocean Boulevard Palm Beach, FL ^$ 5,000,000

2565 S Ocean Boulevard

^$ 5,000,000

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2565 S Ocean Boulevard

Palm Beach, FL, 33480

^$ 5,000,000

Studio Baths0.0 Sq 4,031

Monthly Estimate*

^$ 34,926

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Studio

Commercial Property for sale in Palm Beach, FL

for $5,000,000. This 4,031 square foot building was 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!

Commercial Active

Price

^$ 5,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 21,301

Style

Hotel/ Motel,Mixed

Year Built

1968

Town/City

Palm Beach

County/Region

Palm Beach

MLS | Web ID

RX10979087

Features

General

Heating Central

Cooling Central

Utilities Electric

Possession Funding

Roof Other

Zoning R-D(1)

Status Active

Year Built 1968

Subdivision PALM BEACH WHITEHOUSE

Stories 3.0

Type MultiFamily (5+ Units)

Property Type E

Area 5004

Auction No

Tax Year 2023

Terms Considered Cash Other

Use Hotel/ Motel Mixed Other

Virtual Tour https://orders.virtuals1.com/sites/dpmgxjx/unbranded

Geo Area PB30

Legal Description See Broker Remarks

Exterior

Waterfront Yes

Lot Size 0.00

Interior

Flooring Other

Total Number of Units 5

Internal Only

OriginalMLSID RX-10979087

* Excluded Features

List By

Eric Gunther

Listing Agent

Greenfield Waters, Llc

Broker

eric.gunther@greenfieldwaters.com

Affordability Calculator

$36,702

Per Month

Monthly Principal & Interest: $34,926
Monthly Property Taxes: $1,775
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palm Beach, FL

Average List Price ^$3,099,948

Percent of Sale Price 38%

About Palm Beach, FL

7,939 Population

-10% Since 2002

^$113,276 Median Income

70 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

368239 Elementary School

368240 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/17/2024	$5,000,000		Listed Price

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2565 S Ocean Boulevard, Palm Beach, FL, 33480 is a Commercial Property for sale at $5,000,000 with 4,031 sqft. 2565 S Ocean Boulevard is a studio with 0.0 baths and was built in 1968. The property's zip code is 33480 which is in Palm Beach, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of BeachesMLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/14/2024.

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2565 S Ocean Boulevard

Commercial Property for sale in Palm Beach, FL

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