For Sale
For Sale
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Year Built
1962 (Renovated 2020)
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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.
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 TypeOffice
- Year Built1962Renovated 2020
- Sale Price$4,200,000
- Total Acres0.15
- Cap Rate6.0%
- Number of Floors2
- ZoningB - Multi-Family (Medium Density) ( 54-Palm Beach Shores )
- Property ID2189133