Bought with Re/Max Prestige Realty/LWB
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Key Details
Sold Price $850,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $248
Subdivision Lake Worth Town Of
MLS Listing ID RX-10754271
Sold Date 01/21/22
Abv Grd Liv Area 16
Year Built 1925
Annual Tax Amount $3,776
Tax Year 2020
Lot Size 0.500 Acres
Property Description
106 & 112 North Ocean Breeze ''Jewel Hotel'' Project is For Sale. Full Downtown Zoning. Fully entitled 29 unit hotel project. Includes one of Palm Beach County's oldest standing historic lodging facilities built prior to 1916. Local & Federal tax incentives available upon completion. The lots are both 50'x135' the north lot is vacant. The 106 building will be incorporated in to the new hotel design. Plans are fully approved through calendar year 2023. The completed project could also be used as residential rentals or condos. The zoning allows for many possible uses. The property can also be sold with 6 Lucerne Avenue an approved 8 unit hotel, that would make for 37 units within walking distance. Price includes all approved plans.
Location
State FL
County Palm Beach
Area 5600
Zoning DT(cit
Interior
Heating No Heat
Cooling None
Flooring Wood Floor
Fireplaces Type None
Exterior
Utilities Available Other
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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