Property
| Ownership: | For Sale |
|---|---|
| Type: | Single Family |
| Rooms: | 4 |
| Bedrooms: | 28 BR |
| Bathrooms: | 28 |
| Pets: | Pets Allowed |
Financials
Price:$7,000,000
Annual Taxes:$29,540.10
Listing Courtesy of Signature Int'l Premier Properties
Unlock the full potential of this rare and expansive 1 acre property located in the heart of the rapidly growing SoSo neighborhood along highly visible Dixie Highway.
Description
Unlock the full potential of this rare and expansive 1-acre property located in the heart of the rapidly growing SoSo neighborhood along highly visible Dixie Highway. With 28 existing rooms across 4 income-generating structures totaling 10,883 SF under air, this property presents an exceptional opportunity to restore, redevelop, or reposition in one of West Palm Beach's most active commercial corridors.
Zoning: Neighborhood Commercial - offering flexibility for hospitality, mixed-use, or commercial redevelopment. Lot Size: Largest hospitality parcel in the south end at 1 acre. Room Count: 28 rooms currently, with potential for expansion up to 32. Structures: 4 buildings onsite - allowing phased redevelopment while maintaining revenue from existing units. Parking: 20+ marked spaces with ample room for guest use and future amenities. Future Growth Potential: If property left as-is, option for additional structure in northeast corner of the lot and ample space to add a pool or enhance amenities in multiple different areas on site.
Visibility: Over 21,500 AADT on Dixie Hwy. Strategic Positioning: Directly across from the Winn Dixie shopping center recently acquired, and adjacent to large-scale developments including Trader Joe's, national retailers, apartments, and grocers under construction. Connectivity: Only 5 minutes to Downtown West Palm Beach, I-95, and major regional attractions. Inquire within regarding local comparable sale, highlighting the value and upside potential of this offering.
This is a rare chance to own and reimagine a cornerstone property in a booming submarket. Whether you're seeking a boutique hotel, a branded hospitality concept, or a mixed-use redevelopment, the framework is already in place.
Come and explore the potential of this one-of-a-kind opportunity.
Amenities
- Balcony
- Blinds
- Custom Lighting
- Electric Water Heater
- Security Lights
- Sewer Available
- Sidewalks
- Smoke Detectors
- Street Lights
- Water Available
- Water Heater
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.