2821 S Federal Highway, Boynton Beach Property Listing: MLS® #RX-10630843
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Julie Saxon

REALTOR®

  • Office 561-340-1200
  • Cell 301-418-2749
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2821 S Federal Highway, Boynton Beach, FL – $9,250,000

  • $9.3M Price
  • 36,511 Sqft
  • 2.89 Acres
  • $9.3M Price
  • 36,511 Sqft
  • 2.89 Acres

Julie Saxon

Cell: 301-418-2749 | Office: 561-340-1200

2821 S Federal Highway

Pleased to offer for sale this 104 unit operating hotel and rental property. Sited on 2.98 +/- acres of land with approximately 455 feet of frontage on S Federal Highway, this property offers a new owner the opportunity to flag the hotel with a new brand or redevelop the property for a variety of uses including hotel, multifamily rental, condominium, and retail. There are a total of four buildings, all exterior corridor walk-up, with a variety of room configurations in each building. Additionally, the original site plan approvals called for two more buildings on the southeast portion of the site (which were never constructed), which may provide an upside opportunity for a new owner. The location of this property is prime - just 1.2 miles to the beaches, and 1.4 miles to Interstate 95.

Essential Information

  • MLS® #RX-10630843
  • Price$9,250,000
  • Square Footage36,511
  • Acres2.89
  • Year Built1990
  • TypeCommercial
  • Sub-TypeHotel/ Motel, Mixed, Other
  • StatusActive

Style

Commercial, Hotel / Motel, Resident. Multi-Fam.

Community Information

  • Address2821 S Federal Highway
  • Area4220
  • CityBoynton Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33435

Amenities

  • UtilitiesCable, Public Water, Other

Interior

  • HeatingCentral, Window/Wall
  • CoolingCentral
  • # of Stories3

Appliances

Equipment, Fixtures, Furniture, Signs, Trade Name

Exterior

  • Lot Description104 Room Hotel
  • RoofComp Shingle
  • ConstructionCBS

Additional Information

  • ZoningC3 - Com Commer

Listing Details

  • OfficePark View Realty
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Price Change History for 2821 S Federal Highway, Boynton Beach, FL (MLS® #RX-10630843)

Date Details Change
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $10,000,000 to $9,250,000 $750,000 (7.50%)
Status Changed from New to Active

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© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on October 22nd, 2020 at 10:31am EDT.