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    127 Blue Heron Blvd Riviera Beach, FL 33404

    For Sale
    $1,675,000

    High-income 9-unit mixed-use property in prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 9-unit multi-family/mixed-use complex located at 127 W Blue Heron Boulevard, Riviera Beach, Florida, 33404. The property, built in 1958, offers a diverse mix of residential units, ranging from efficient studios to two-bedroom apartments. A unique feature is the inclusion of a commercial kitchen unit, fully equipped for catering and takeout services. This versatility allows for a range of income streams and operational strategies. The complex enjoys a central Riviera Beach location, providing convenient access to I-95 and proximity to the Port of Palm Beach (less than 5 minutes away). Currently, the property is fully occupied with long-term tenants, presenting a stable income stream. However, its configuration is well-suited for alternative uses, including short-term rentals or as an assisted living facility (ALF). The asking price is $1,675,000. The lot size is not specified. This property offers significant potential for investors seeking a high-yield, multi-faceted investment in a desirable Florida location. The property's diverse unit mix and strategic location make it an attractive prospect for a variety of investment strategies.

    Property Features for 127 Blue Heron Blvd

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1958
    Units
    9
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riviera Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0569743
    Latitude
    26.7833331

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    FAQs

    What type of property is this?
    Specialty property - High-income 9-unit mixed-use property in prime location.
    Where is this specialty property located?
    The property is located at 127 Blue Heron Blvd Riviera Beach, FL.
    What is the asking price?
    The asking price for this property is $1,675,000.
    Request Owner's contact information
    127 Blue Heron Blvd Riviera Beach, FL 33404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 Blue Heron Blvd Riviera Beach, FL 33404
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