Multifamily (5+ units) For Rent

5060 N Ocean Drive, Riviera Beach, FL 33404

$18,000,000
1.11
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.

Basic Details
Listing Type : For Rent
Price : $18,000,000
Features
: Central
Central
Tile
No
Other
Location
US
FL
Palm Beach
Riviera Beach
33404
Go East on Blue Heron Blvd in Riviera Beach to N Ocean Dr.
5060 N Ocean Drive, Riviera Beach, Fl 33404
Extended Details
Virtual Tour URL
CONDADO INC
11.06.2024
CBS
Oceanfront
Cash
Electric
13
RM-20(
Yes
2023
At Closing
$0
FlatFee.com
Cliff Glansen
3.0
100.00
8316.00
beachesmls
Property TypeMultifamily (5+ units)
StatusActive
Listing IDRX-11034811
Year Built1966
Lot Area1.11
Realtyna

Nadereh (Nana) Rezaie, P.A.  Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™

Nana Rezaie 561-660-1948

Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.

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