Lake Worth Beach, FL 33460,106-112 N Ocean Breeze
Lake Worth Beach, FL 33460,106-112 N Ocean Breeze
Lake Worth Beach, FL 33460,106-112 N Ocean Breeze
17
Listed by The Corcoran Group
Bought with Re/Max Prestige Realty/LWB
$850,000
$850,000
Est.Price: ?

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31 BA
3,420 SqFt

106-112 N Ocean Breeze Lake Worth Beach, FL 33460

Est. payment /mo
SOLD DATE : 01/21/2022

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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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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

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