For Sale
$7,100,000

172 County Rd Palm Beach, FL 33480

8-Unit Ocean Block Investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 8-unit building, located at 172 N County Road in Palm Beach, Florida, presents a rare investment opportunity. Built in 1943, the property boasts a total of 1,836 square feet and sits just one block from the Atlantic Ocean. The building comprises a mix of unit types, including two one-bedroom, one-bathroom apartments and six studio units, providing a diverse rental portfolio. The asking price is $7,100,000. This presents a chance to acquire a proven income-generating asset in a highly desirable location. The property's proximity to the ocean ensures strong rental demand and potential for appreciation. Given its location in Palm Beach, Florida, 33480, this property offers significant upside potential for investors seeking a foothold in the lucrative South Florida real estate market. The lot size is not specified. This unique offering is ideal for those seeking a stable, income-producing investment in a prime coastal location. The building's age and unit configuration provide a solid foundation for future growth and potential renovations. Serious inquiries are encouraged.

Highlights

  • Exceptional 8-unit investment property in Palm Beach, FL, asking $7,100,000.
  • 1,836 square foot building located one block from the Atlantic Ocean.
  • Unit mix includes two one-bedroom/one-bathroom apartments and six studios.
  • Prime Palm Beach location (33480) offers strong rental demand and appreciation potential.

Property Details for 172 County Rd

Property type
Specialty properties
Square Feet
1,836 SF
Year Built
1943
Units
8

Location Insight

City
Palm Beach
County
Palm Beach
State
Florida
Latitude
26.72105
Longitude
-80.038084

FAQs

What type of property is this?
Specialty property - 8-Unit Ocean Block Investment
Where is the specialty property located?
The property is located at 172 County Rd Palm Beach, FL.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: Exceptional 8-unit investment property in Palm Beach, FL, asking $7,100,000.; 1,836 square foot building located one block from the Atlantic Ocean.; Unit mix includes two one-bedroom/one-bathroom apartments and six studios.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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172 County Rd
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