Commercial / Industrial Property 5615 N Ocean Blvd Ocean Ridge 33435 List Price: $1,250,000 Area, County: Listing Status: Active-Available ML Number: Legal Description: ,195 Township: Type: Style: Parcel: Price/SqFt: Number of Units: Price/Unit: Section: Property Description: Former motel which is grandfat Transaction Type: Bldg Name: County Land Use: # of Buildings: # of Stories: 2 # of Floors:
Remarks: The property is a former motel which is presently a "grandfathered" non conforming 10 unit complex. There are 3 buildings located on 3 separte but adjacent lots. If the 3 lots were replatted into one parcel, the site could accommodate 3 units or as standalone parcels, it could be 3 units. Currently the property is operating as both "seasonal" and "off season" rentals with 2 large owner occupied units.
Property Type/Type of Building: Commercial/Residential Income,Residential-Multi-Family Sq Ft: 2827 Ownership Type: Environmental Audit: Total Acres: Included: Lot Frontage: Acreage Desc: Approx. Lot Size: Construction: Cbs Construction Occup %: Waterfront Info: N # Tenants: 10 Electric Service: 101-200 Amps,3 Phase Electric # Offices: Parking Info: #16 spaces # Loading Doors: Location: Near Seaport # Bays: Roof: Concrete Improvement Ht: Floor: Door Height: Security: Eave Height: Road Type: Dock Height: Road Frontage: Max Ceil Height: 9.000 Column Desc: Rail Description: Interior Ceil Ht: Ceiling Desc: Plastered,Ceiling Height Varies Air Cond %: 100 Miles to Expressway: 3 Miles to Beach: 0 Number of Meters: 10 Number of Toilets: 13 Unit Type #Units #Baths Furn? A Rent A Rnt Pd B Rent B Rnt Pd Unit Type #Units #Baths Furn? A Rent A Rnt Pd B Rent B Rnt Pd Tenant Pays: Reimbursable SF: Common Area Maint: Leasable SF: Information: Lease Term: Annual Lease,MO_MO Deposit Info: Miscellaneous: Laundry Facilities,Office,Pool,Light Traffic Heat: CENTRAL,WNDW/WALL,ELEC Water: Cool: CENTRAL,ELEC Sewer: Assumbl? Tot Mtg Bal: Tax Year: 2010 Tax: $5,366 Fee: Tot Assum Loans: Dade Assessed/SOH: Dade Market Assessed/ASV: Gross Oper Income: $90,000 Gross Sch Inc: $90,000 Terms Considered: Directions: I-95