1200 Surf Rd, West Palm Beach, FL 33404
This exceptional 5,931 square foot property at 1200 Surf Road, Singer Island, Florida, presents a compelling investment opportunity. Currently operating as a successful 12-bedroom, 6-bathroom sober home with a tenant in place, this unique complex offers significant income potential. Built in 1953, the property boasts a commercial kitchen and offices, all situated on a 0 square foot lot. Its prime location offers easy walking access to the beautiful beaches of Singer Island. The property's special Hotel/Multifamily zoning unlocks exciting development possibilities, allowing for future expansion or repurposing to capitalize on the high demand for accommodations in this desirable coastal area. The asking price is $2,800,000. This presents a rare chance to acquire a well-established business with substantial upside in a highly sought-after location. The property's existing infrastructure and zoning flexibility make it an ideal investment for both seasoned and emerging developers. The current tenant provides immediate cash flow while the zoning allows for a variety of future development options. Don't miss this chance to secure a piece of Singer Island's vibrant real estate market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.