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115 Inlet Way, Palm Beach Shores, FL 33404
$5,150,000
115 Inlet Way, Palm Beach Shores, FL 33404View this property at 115 Inlet Way, Palm Beach Shores, FL 33404
115 Inlet WayPalm Beach ShoresFL33404
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Property Description
ATTENTION INVESTORS! **GRANDFATHERED HOTEL** Rare chance to invest in This super charming 24-unit apartment building in the heart of Palm Beach Shores, FL. Just a stone's throw away from the beach and The Palm Beach Inlet, these apartments are not your everyday find. The LARGEST of the Lots available for sale in the area! This place used to be a boutique motel, making it perfect for various uses like Airbnb, vacation rentals, an annual rental spot, a cozy boutique hotel, or even a condo redevelopment project. Located in the midst of growth and new projects in Palm Beach Shores, you'll have access to the stunning beaches of Singer Island, the Ocean Mall, restaurants, shops, Sailfish Marina, and more. With Marriott just around the corner, the potential is colossal!
Full Property Details
Full Property Details for 115 Inlet Way
General
- Sold For: $5,150,000
- Taxes: $72,999
- Status: Closed
- Type: Commercial Multi-Family
- MLS ID: A11491959
- Added to Site: 153 day(s) ago
Business
- Business Type: Commercial/Residential Income, Hotel/Motel
Location
- County: Palm Beach County
- Driving Directions: USE GOOGLE MAPS
Community
- Units Assoc/Comm: 2
Structural Information
- Detached/Attached: Detached
- Building Size: 9358
- Year Built: 1953
Unit Information
- Units in Complex: 2
Lot Features
- Lot Size (Sq. Ft.): 21,571
- Potential Use: Unknown/Withheld
Financial Considerations
- Tax Amount: $72,999
- Terms: All Cash, Conventional/Refinance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: PALM BEACH SHORES LTS 3 & 4
- Property ID: 54434227040000030
Listed by EXP Realty, LLC.
Sold by Trust Invest Real Estate Corp
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Schools
Schools serving 115 Inlet Way
School District:Palm Beach Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1160 Avenue N, Riviera Beach, FL 33404 | PK-5 | 2.4 mi | |
1901 Avenue S, Riviera Beach, FL 33404 | 6-8 | 3.1 mi | |
13601 N Military Trl, Palm Bch Gdns, FL 33410 | 9-12 | 8.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Inlet Way
Date
Details
Price
Change
Source
2/12/2024
Sold
$5,150,000
-7.37%
MLS
11/28/2023
Listed
$5,560,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
115 Inlet Way, Palm Beach Shores, FL 33404 (MLS# A11491959) is a Commercial Multi-Family property that was sold at $5,150,000 on February 12, 2024. Want to learn more about 115 Inlet Way? Do you have questions about finding other Commercial Multi-Family real estate for sale in Palm Beach Shores? You can browse all Palm Beach Shores real estate or contact a Coldwell Banker agent to request more information.