Bought with Jupiter Lighthouse Realty Inc
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Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 9,368 sqft
Price per Sqft $320
Subdivision Channel House Condo
MLS Listing ID RX-10551923
Sold Date 02/07/20
Construction Status Resale
Abv Grd Liv Area 28
Year Built 1953
Annual Tax Amount $36,693
Tax Year 2018
Lot Size 0.500 Acres
Property Description
Incredible opportunity at the Inlet Way in Palm Beach Shores of Singer Island. With over $1M in improvements, this 2 story 24 room hotel has a large ADA pool and is entirely up to the code with a complete new electrical system less than 1 year young. Zoned for a Hotel or Multifamily/Condo, this location is perfect for a boutique hotel, Sober living or a Condo Redevelopment Project. Booming with new developments and projects, Palm Beach Shores offer beautiful beaches of Singer Island, Ocean Mall, restaurants, shops, Sailfish Marina, and more. With Marriott right around the corner, the potential of this over 9000 square, 24 room hotel is unlimited.
Location
State FL
County Palm Beach
Area 5240
Zoning DISTRI
Interior
Heating Gas
Cooling Wall-Win A/C
Flooring Concrete, Terrazzo Floor
Fireplaces Type Sprinkler
Exterior
Utilities Available 220, Electric, Public Water
Waterfront No
Roof Type Other
Building
Story 100.00
Construction Status Resale
Others
Acceptable Financing Exchange, Owner
Listing Terms Exchange, Owner
Financing Exchange,Owner
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675