Great development site. Fantastic small 10-unit motel with pool - currently Air B&B short distance of beach access. Value is in the land can build 17 condo/motel units or 10 residential condos. City may allow more units with the purchase of additional density units.
Financial Considerations
Price:
$6,900,000
HOA Fee:
N/A
Tax Amount:
$28637.97
Price per SqFt:
$1301.64
Tax Legal Description:
MANDALAY REPLAT UNIT 5 BLK A, LOT 5 LESS S 1/2 OF W 1/2 TOGETHER WITH E 1/2 VAC 15FT ALLEY ADJ ON W OF N 1/2 OF SD LOT 5 PER O.R. 20492/1089