The Parrot Cove Inn located across from the Intracoastal Waterway and the Bridge to Lake Worth Beach. 10 units on a 20,250 sq. ft. lot with 150 ft. of frontage and 135 ft. deep. The entire property is not historic and can be demolished to build new up to 45 ft. under current codes. The Zoning is Downtown Zoning with no restrictions except the height and density. Currently the Inn is a long term rental property with 10 units, interior parking and a laundry room. There are 2 two bedroom units, 5 one bedroom units, and 3 studios apartments. The current rent roles are between $12K and $14K a month depending on vacancies. Previously and the highest and best use wold be short term Vacation Rentals. Proximity to downtown, the Beach and all of the local restaurants.All new roofs & impact glass.

Listing provided courtesy of The Corcoran Group.
To see full listing details, please visit the broker website for more informations.