Home » Riviera Beach » 5060 N Ocean Drive, Riviera Beach, FL 33404 | R11038517/RX-11038517

Commercial For Sale 5060 N Ocean Drive, Riviera Beach, FL 33404

$18,000,000

Property Highlights

Listing ID R11038517/RX-11038517 Status of this Listing: Active For Sale Property Type Land Commercial Lot area 56,688 Sqft/5266.49 m2 approx. Waterfront Has view of the Ocean Time of this property on Rebonus 59 Day(s)

5060 N Ocean Drive, Riviera Beach, FL 33404

Property Description: Colliers is pleased to present the opportunity to acquire the Condado Development Site, an oceanfront development opportunity located at 5060 N. Ocean Drive, Riviera Beach, FL 33404 in Palm Beach County. The Board of Directorshas engaged Colliers to explore strategic sale opportunities for the property, with the unanimous support of the unit owners. The Condado is an aging three story co-op built in 1966 comprising 13 units. The property features private beach access.

Useful Info

Original List Price:$18,000,000

Land Lot (Parcel) Details

Lot Features:
  • Beach Front
Lot Size Unit:Square Feet

Property Features

Has View:Yes
View from the Property:
  • Ocean
Waterfront:Yes
Waterfront Features:
  • Ocean Front

Taxes and Expenses

Tax Annual Amount:$8,423

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024

Terms

Listing Terms Considered by Seller:
  • Cash
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Road Surface Type:
  • Paved
Subdivision Name:CONDADO INC
Complex Name:CONDADO INC
Senior Community:No
Development Status:
  • Site Plan Filed

Parking

Covered Spaces:0

More Details

Other Information:
Data exchange original Listing NumberRX-11038517
Ref1095484307

Zoning and Legal

Tax Legal Description:CONDADO INC COMMON AREA A/K/A 22-42-43~ TH PT OF N 135 FT OF S 2999.80FT OF GOV LT 1 LYG E OF SR 703 (LESS WLY 273 FT IN
Real Estate Folio Number (Parcel Number):56434222270000000
Zoning Description:RM-20(

Listing History

Update/EventDate/Days
Published Date:November 19, 2024 2:55 pm
On Market Date:November 19, 2024
Listing Contract Date:November 19, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:November 19, 2024 3:03 pm
Status Last Changed:November 19, 2024 12:00 am
Photos Last Modified:November 19, 2024 9:46 pm
Last Modified:January 3, 2025 6:06 pm
Days on the Market Reference Date:January 3, 2025
Days on the Market (updated on Last Modified*):45
Cumulative Days on the Market (updated on Last Modified**):1

Additional Information

Lot Size Range:, 1+ To 2 Acres
Number of Photos:4
Location:Beach Area,
Included:,,
Geographical Area:Palm Beach 4110; 4120
Area:4110
Automated Valuation Display:Yes
Courtesy of:FlatFee.com
Universal Property Id:US-12099-N-56434222270000000-R-N

Location

Show Property Address:Yes
Street Name:Ocean Drive
Street Number:5060
Street Direction Prefix:N
Street Address:5060 N Ocean Drive
City : Riviera Beach
State : Florida
Zip Code : 33404
County : Palm Beach
Full Address:5060 N Ocean Drive, Riviera Beach, FL 33404
Latitude:N26° 47' 60''
Longitude:W81° 58' 2.7''

Neighborhood

Postal City:Riviera Beach

Property Map