$12,000,000
For Sale

1231 Hillsboro Mile

Hillsboro Beach, FL 33062
Browse 23 photos
Type:Purchase
Structure:Commercial
Zone:Residential

Description

A new opportunity for investors and developers looking to acquire a prime oceanfront building. The existing 30 unit building offers high income producing opportunities with 201' of direct ocean frontage, a private pool, private beach access, and is only an 8 minute walk to the Deerfield Beach pier, restaurants and shops.There is also potential for redevelopment or renovation of the existing building. A land lease with a 33-year term remaining is in place at $12,000 per year. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.

  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1957
  • Community and Neighborhood Details
      • CountyBroward
      • ZoningRM-16
  • Financial Details
      • Original List Price$12,000,000
      • Taxes Annual$74,142
  • Other
      • MLS #FX-10340073

Location

Colin GageEXP Realty, LLC
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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