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    2821 S Federal Highway

    Boynton Beach, FL 33435
    • $9,250,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: RX-10630843
    UPDATED: 76 min ago
    $9,250,000
    • 0
      BEDS
    • 2.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 36,511
      SQFT
    • $253
      $/SQFT
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Pleased to offer for sale this 104 unit operating hotel and rental property. Sited on 2.98 +/- acres of land with approximately 455 feet of frontage on S Federal Highway, this property offers a new owner the opportunity to flag the hotel with a new brand or redevelop the property for a variety of uses including hotel, multifamily rental, condominium, and retail. There are a total of four buildings, all exterior corridor walk-up, with a variety of room configurations in each building. Additionally, the original site plan approvals called for two more buildings on the southeast portion of the site (which were never constructed), which may provide an upside opportunity for a new owner. The location of this property is prime - just 1.2 miles to the beaches, and 1.4 miles to Interstate 95.

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    www.treasurepropertygroup.com/homes/106866924
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    2821 S Federal Highway Boynton Beach, FL 33435

    • Price: $9,250,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: RX-10630843
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.89
    Acres
    36,511
    SQFT
    $253
    $/SQFT
    1990
    Built
    County:
    Palm Beach
    Area:
    Boynton Beach
    Property Description
    Pleased to offer for sale this 104 unit operating hotel and rental property. Sited on 2.98 +/- acres of land with approximately 455 feet of frontage on S Federal Highway, this property offers a new owner the opportunity to flag the hotel with a new brand or redevelop the property for a variety of uses including hotel, multifamily rental, condominium, and retail. There are a total of four buildings, all exterior corridor walk-up, with a variety of room configurations in each building. Additionally, the original site plan approvals called for two more buildings on the southeast portion of the site (which were never constructed), which may provide an upside opportunity for a new owner. The location of this property is prime - just 1.2 miles to the beaches, and 1.4 miles to Interstate 95.
    Exterior Features

    Construction Cbs Miles To Beach 1 Miles To Expressway 1 Roof Comp Shingle Waterfront YN No

    Interior Features

    Bath Toilets 108.00 Cooling Central Flooring Carpet Heating CentralWindow/Wall Offices 1 Percent Air Conditioned 90.00 Unit1 Full Baths 0 Unit1 Half Baths 0 Unit2 Full Baths 0 Unit2 Half Baths 0 Unit3 Full Baths 0 Unit3 Half Baths 0 Unit4 Full Baths 0 Unit4 Half Baths 0 Unit5 Full Baths 0 Unit5 Half Baths 0 Unit6 Full Baths 0 Unit6 Half Baths 0 Unit7 Full Baths 0 Unit7 Half Baths 0

    Property Features

    Available Docs Survey Available Info None Built Desc Resale Fire Protection Smoke Alarm For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City Possession Negotiable Sale Includes EquipmentFixturesFurnitureSignsTrade Name Tax Amount Real Estate Taxes 86221.00 Tax Year 2019 Tenant Pays None Tenants 104 Terms Considered CashConventional Type Of Building CommercialHotel / MotelResident. Multi-Fam. Unit1 Ann Rent 0.00 Unit1 Off Season Rent 0.00 Unit1 Seasonal Rent 0.00 Unit1 Units 0 Unit2 Ann Rent 0.00 Unit2 Off Season Rent 0.00 Unit2 Seasonal Rent 0.00 Unit2 Units 0 Unit3 Ann Rent 0.00 Unit3 Off Season Rent 0.00 Unit3 Seasonal Rent 0.00 Unit3 Units 0 Unit4 Ann Rent 0.00 Unit4 Off Season Rent 0.00 Unit4 Seasonal Rent 0.00 Unit4 Units 0 Unit5 Ann Rent 0.00 Unit5 Off Season Rent 0.00 Unit5 Seasonal Rent 0.00 Unit5 Units 0 Unit6 Ann Rent 0.00 Unit6 Off Season Rent 0.00 Unit6 Seasonal Rent 0.00 Unit6 Units 0 Unit7 Ann Rent 0.00 Unit7 Off Season Rent 0.00 Unit7 Seasonal Rent 0.00 Unit7 Units 0 Use Hotel/ MotelMixedOther Utilities CableOtherPublic Water

    Listing provided courtesy of Park View Realty. Listing information © 2020 BeachesMLS
     
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    Treasure Property Group LLC
    579 N State Road 7
    Royal Palm Beach FL, 33411