For Sale - $13,000,000

This four-story, 110-unit oceanfront property offers a prime redevelopment opportunity in a high-demand beachfront market. Situated on 1.95 acres of direct oceanfront land, this asset is ideally positioned for short-term rentals, long-term leases, or a condotel conversion, allowing investors to maximize returns through various revenue-generating models.

Rehab & Revenue Opportunities

✔ Airbnb & Short-Term Rentals: Convert the property into a high-yield, fully managed Airbnb destination, catering to the increasing demand for vacation rentals and extended stays.
✔ Condotel Conversion & Unit Sales: Sell individual units as condo residences, allowing owners to live in or rent out their units, providing a lucrative mix of one-time sales revenue and ongoing management fees.
✔ Long-Term Rentals: Transition into premium oceanfront rental apartments, offering stable cash flow in a market with strong rental demand and limited beachfront housing inventory.
✔ Luxury Boutique Resort: Reposition the property as a modern boutique resort, capturing the area's strong tourism-driven demand and high occupancy rates.

Key Investment Highlights

• Prime Beachfront Location: 1.95 AC direct oceanfront property with private beach access.
• 110 Units | Convertible to Condotel or Multi-Family Rentals
• Zoning: T-1 – Flexible for short-term, long-term, or hybrid rental models.
• Ideal for Investors, Developers & Hospitality Operators
• 57,875 SF of Redevelopment Potential | Interior Corridor Layout

• EASY QUALIFYING INTREST ONLY or ASSET BASED FINANCING AVAILABLE - if needed. Contact me today.