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1 Tropical, Ocean Ridge, FL 33435

Commercial For Sale
$2,795,000

BTC: 93.16666667

ETH: 1,397.50000000

19 days
0 room(s)
4,310 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Prime Location: Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida.8 units comprised of 3 studios and five 1 bed, 1 bath. All on separate elec. meters. Shared coin laundry. Whole building generator. Complete Accordion Shutters.100% occupied, annual leases. Some rents are lower than market due to the lease length of time. Investment Potential: Ideal for investors looking for a stable income property with strong appreciation. Outdoor Space: features patios, swimming pool, barbecue, Etc. Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood. Community Appeal: Ocean Ridge is known for its community feel, and exclusivity.

Location

Florida • Ocean Ridge • 33435 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
No Data
Heating:
No Data
Price/sqft:
$648
Cooling:
No Data
HOA:
No Data
All facts and features

  • Other Property Information

    • Parcel Number: 46434534050010190

    • Zoning: RMM(ci

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $21,714

  • Source details

    • MLS ID: RX-11142310

    Other facts

    • Direction Faces: East on E Woolbright Rd, South on Jimmy Buffet Mem Hwy, property is on East side of road

    • Garage: Yes

    • Living Area: 4310

    • Subdivision Name: PALM BEACH SHORE ACRES

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida LLC