186-1 E Blue Heron Blvd - Ocean Lane Motel
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186-1 E Blue Heron Blvd - Ocean Lane Motel
10,000 SF Hospitality Building Offered at $5,040,700 CAD at a 8% Cap Rate in Riviera Beach, FL 33404
Investment Highlights
- Seconds away from Singer Island
- zoned for multifamily, nursing home, hospital, professional office, nursing home, and more!
- 3 parcels included in the sale, lot size is almost an acre
- property can be demolished and can stay empty indefinitely (buy and hold) amazing investment opportunity in a great developmental area
Executive Summary
3 PARCELS INCLUDED IN THE SALE!! 3 buildings total, two ''L'' shaped motel buildings with a quadplex in the middle. Currently operating as a cash flowing motel, the business is not for sale. The city of Riviera will allow for residential/ multi family, daycare, nursing home, hospital, professional office and more. This is a great opportunity to own almost an acre of land seconds away from Singer Island in a wonderful developmental area. The other parcel ids are (56-43-42-28-00-000-0420 AND 56-43-42-28-12-000-0401 20 as well as the one listed)
Property Facts
| Price | $5,040,700 CAD | Lot Size | 0.78 AC |
| Price Per Room | $252,035 CAD | Building Size | 10,000 SF |
| Sale Type | Investment | No. Rooms | 20 |
| Cap Rate | 8% | No. Stories | 2 |
| Property Type | Year Built | 1958 | |
| Building Class | C |
| Price | $5,040,700 CAD |
| Price Per Room | $252,035 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 10,000 SF |
| No. Rooms | 20 |
| No. Stories | 2 |
| Year Built | 1958 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | - | - |
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (75)
zoning
| Zoning Code | C-1 (COMMERCIAL) |
| C-1 (COMMERCIAL) |
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186-1 E Blue Heron Blvd - Ocean Lane Motel
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