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For Sale

5060 Ocean Drive, Riviera Beach, Florida 33404

$18,000,000
Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.The Condado Site is approximately 1.115 acres, with 138 feet of frontage on the Atlantic Ocean located on Singer Island, directly north of Palm Beach Island. This site offers developers the opportunity to build a boutique, ultra-luxury, beachfront residential project to capitalize on the influx of wealth to Palm Beach County. The inplace RM-20 zoning allows for a maximum density of 20 units per acre on the site, a FAR of 1.30, and a maximum height of 200feet.
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Details

    • Property Type: Commercial
    • Property SubType: Multi Family
    • Listing Type: For Sale
    • Listing ID: R11034811
    • Price: $18,000,000
    • View: Intercoastal,ocean,pool
    • Bedrooms: 0
    • Bathrooms: 0
    • Half Bathrooms: 0
    • Square Footage: 0 Sqft
    • Year Built: 1966
    • Status: Active
    • Original Property Type: Commercial Sale

Features

    • Heating System : Central
    • Cooling System : Central Air
    • Roof Deck : Other
    • Flooring : Tile
    • Utilities : Electricity Available

Location

    • Country US
    • State FL
    • County Palm Beach
    • City Riviera Beach
    • Subdivision CONDADO INC
    • Zipcode 33404
    • Neighborhood: Riviera Beach
    • Street: Ocean Drive
    • Street Number: 5060
    • Floor Number: 0
    • Longitude: W81° 58' 2.7''
    • Latitude: N26° 47' 60''
    • Directions: Go East on Blue Heron Blvd in Riviera Beach to N Ocean Dr.

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