• Tahiti Inn - 125 Inlet Way, Palm Beach Shores, FL 33404

For Sale

Office

For Sale

This property is available for sale
0.15
Acres
$4,200,000
Sale Price
  • Year Built
    1962 (Renovated 2020)
  • Overview

    Colliers International, as exclusive agent for the Owner, is pleased to offer for sale the Tahiti Inn at 125 Inlet Way (“the Property”), a two-story, 12-unit, ±6,448 SF (0.4930 AC) multifamily property located in Palm Beach Shores, Florida.


    Built in 1962, the Property comprises eleven (11) one bedroom units and one (1) two-bedroom unit.


    The Property is located in Palm Beach Shores, Florida, one of West Palm Beach’s best kept secrets and home to one of South Florida’s most beautiful beaches.


    The Property offers an excellent opportunity to acquire a fully leased property with existing rehabilitation business on a sale/leaseback basis (please call for terms) or acquire the property vacant with the potential to fill the property with a Hotel, Multifamily or Rehabilitation use. It is conveniently located less than five miles from the I-95 interchange, providing exceptional access to surrounding submarkets and Palm Beach International Airport.

    Located in Palm Beach Shores proximate to local amenities and Beach access.
    The property has been recently renovated with impact glass, new basketball court and revamped attractive pool area.
    The property is in excellent condition with no deferred maintenance.
    Current Tenant in place is Owner-Operated Pivot Treatment and Wellness Centers. Pivot is licensed to provide Partial Hospitalization (PHP), Intensive Outpatient (IOP) and Outpatient (OP) services.

Contact or Call

Property Details

Colliers International, as exclusive agent for the Owner, is pleased to offer for sale the Tahiti Inn at 125 Inlet Way (“the Property”), a two-story, 12-unit, ±6,448 SF (0.4930 AC) multifamily property located in Palm Beach Shores, Florida.


Built in 1962, the Property comprises eleven (11) one bedroom units and one (1) two-bedroom unit.


The Property is located in Palm Beach Shores, Florida, one of West Palm Beach’s best kept secrets and home to one of South Florida’s most beautiful beaches.


The Property offers an excellent opportunity to acquire a fully leased property with existing rehabilitation business on a sale/leaseback basis (please call for terms) or acquire the property vacant with the potential to fill the property with a Hotel, Multifamily or Rehabilitation use. It is conveniently located less than five miles from the I-95 interchange, providing exceptional access to surrounding submarkets and Palm Beach International Airport.

Located in Palm Beach Shores proximate to local amenities and Beach access.
The property has been recently renovated with impact glass, new basketball court and revamped attractive pool area.
The property is in excellent condition with no deferred maintenance.
Current Tenant in place is Owner-Operated Pivot Treatment and Wellness Centers. Pivot is licensed to provide Partial Hospitalization (PHP), Intensive Outpatient (IOP) and Outpatient (OP) services.

  • Property Type
    Office
  • Year Built
    1962Renovated 2020
  • Sale Price
    $4,200,000
  • Total Acres
    0.15
  • Cap Rate
    6.0%
  • Number of Floors
    2
  • Zoning
    B - Multi-Family (Medium Density) ( 54-Palm Beach Shores )
  • Property ID
    2189133

Landlord's Sales Representatives

  • Bastian Laggerbauer
    Colliers | West Palm Beach
     
  • Harry Blyden
    Colliers | Miami
     
  • Mark M. Rubin
    Colliers | Boca Raton