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    OFF-MARKET
    Specialty properties

    1200 Surf Rd, West Palm Beach, FL 33404

    5,931 SF Built 1953
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1953
    Total area 5,931 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • New Day A Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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