Active

5060 N Ocean Drive

Riviera Beach FL, 33404

$18,000,000


Active

Commercial

Built in 1966

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.

R11034811

MLS ID

November 6, 2024

Listed

November 22, 2024

Updated

Map

5060 N Ocean Drive
Riviera Beach FL, 33404

Interior Features

Total Stories

3


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.11 Acres


Roof

Other

Other Property Details

Area Name

4110


Taxes

$8,316


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

Palm Beach


Pool

No


Waterfront

Yes

Listed by: FlatFee.com
Listing Contact:  

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Data last updated 7:09 PM UTC, 11/22/2024

 

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