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Property profile & analytics
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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