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1 Tropical Drive Ocean Ridge, FL $ 2,795,000
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$ 2,795,000 Get more info
1 Tropical Drive
$ 2,795,000
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Share Save

1 Tropical Drive

Ocean Ridge, FL, 33435
$ 2,795,000
Bedrooms-- Baths8.0 Sq 4,310

Monthly Estimate*

$ 17,209

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Commercial Property for sale in Ocean Ridge, FL

for $2,795,000 with 8 full baths. This 4,310 square foot building was built in 1956.

Prime Location: Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida.8 units comprised of 3 studios and five 1 bed, 1 bath. All on separate elec. meters. Shared coin laundry. Complete Accordion Shutters.100% occupied, annual leases. Some rents are below market. Investment Potential: Ideal for investors looking for a stable income property with strong appreciation. Outdoor Space: features patios, swimming pool, barbecue, Etc. Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood. Community Appeal: Ocean Ridge is known for its community feel, and exclusivity.Close to Downtown Delray beach, shopping, restaurants, and nightlife.

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Commercial Active

Price

$ 2,795,000

Full Bath

8

Property Type

Commercial

Taxes

$ 21,714

Style

Hotel/ Motel,Income,Mixed

Year Built

1956

Town/City

Ocean Ridge

County/Region

Palm Beach

MLS | Web ID

RX11142310
Features
General
Construction CBS
Heating Window/Wall
Cooling Ceiling Fan Wall-Win A/C
Utilities Cable Electric Generator Public Sewer Public Water
Possession At Closing Funding
Roof Concrete Tile Tar/Gravel
Zoning RMM(ci
Status Active
Year Built 1956
Subdivision PALM BEACH SHORE ACRES
Stories Count 1.0
Type MultiFamily (5+ Units)
Property Type E
Area 4120
Location Beach Area City County Investment
Auction No
Tax Year 2025
Terms Considered Cash Exchange
Use Hotel/ Motel Income Mixed
Misc. Laundry Pool
R.E. Taxes 20799.00
Virtual Tour https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435/unbranded
Geo Area PB11
Legal Description PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
Total Expenses 59469.00
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Exterior
Waterfront No
Lot Size 0.30
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Interior
Flooring Terrazzo Floor Tile
Ceiling Sheet Rock
Total Number of Units 8
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Internal Only
OriginalMLSID RX-11142310
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* Excluded Features
List By
Joshua McDonald

Listing Agent

Compass Florida Llc

Broker

myrealtorjoshua@gmail.com

Email

Affordability Calculator

$19,019
Per Month
90%
10%
0%
Monthly Principal & Interest
$17,209
Monthly Property Taxes
$1,810
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,795,000 Listed Price

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1 Tropical Drive, Ocean Ridge, FL, 33435 is a Commercial Property for sale at $2,795,000 with 4,310 sqft. 1 Tropical Drive has 8.0 baths and was built in 1956. The property's zip code is 33435 which is in Ocean Ridge, FL

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