1231 Hillsboro Mile Hillsboro Beach, FL $ 12,000,000
1231 Hillsboro Mile
$ 12,000,000
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1231 Hillsboro Mile

Hillsboro Beach, FL, 33062
$ 12,000,000
Bedrooms30 Baths--

Monthly Estimate*

$ 79,756

1231 Hillsboro Mile, Hillsboro Beach, FL 33062 - Image 1
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Commercial Property for sale in Hillsboro Beach, FL

for $12,000,000 with 30 bedrooms. This building was built in 1957 on a lot size of 1.4577.

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.

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Commercial Active

Price

$ 12,000,000

Bedrooms

30

Property Type

Commercial

Taxes

$ 74,142

Style

Lot Size

1.4577

Year Built

1957

Town/City

Hillsboro Beach

County/Region

Broward

MLS | Web ID

F10340064

Features
General
Water Description Public Water
Property Type Commercial/Industrial
Area 3112
Section 8
Approximate Lot Size 1.34 ACRES
Short Sale 0
Year Built 1957
Type of Property Income/Multi-Family
Waterfront Property 1
REO 0
Interior
Heating Description Central Building A/C
Units 30
Stories 2.0000
Exterior
Parking Spaces 38
Acres 1.4577
* Excluded Features
List By
Beautiful Homes Realty Inc

Broker

anthonyalbino1@gmail.com

Email

Affordability Calculator

$85,934
Per Month
93%
7%
0%
Monthly Principal & Interest
$79,756
Monthly Property Taxes
$6,179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2022$12,000,000 Listed Price

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1231 Hillsboro Mile, Hillsboro Beach, FL, 33062 is a Commercial Property for sale at $12,000,000 with a lot size of 1.4577. 1231 Hillsboro Mile has 30 bedroomsThe property's zip code is 33062 which is in Hillsboro Beach, FL