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Business For Sale
MAJOR RESIDENTIAL/ COMMERCIAL CONDOMINIUM
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Asking Price: |
$43,000,000
USD USA Dollars
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Business for Sale Industry: |
Miscellaneous: Non-classifiable
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Reason for Selling:
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Portfolio sale |
Business for Sale Overview:
Opportunity to purchase and rehab one of the most elegant residential/commercial condominiums. Built in 1968, parking garage, swimming pool, spa/fitness center, game room, lounge, restaurant, business center and retail shops. Approximately 350K square feet, of which 330K is residential, zoned and 20K is commercial retail. 207 residential units, 20K square feet is commercial retail on the 1st floor. I have a full package available upon POF.
Property Features and Assets:
Proposed 44 story residential condominium project with ground floor commercial space and multi level parking garage. 350,000 square feet total. 330,000 square feet is residential and 20,000 square feet is commercial retail. I have a full package upon proof of funds. Direct to seller, confidential.
Market Competition and Expansion:
Building needs to be rehabbed. Katrina did a number on the building, opportunity to bring this once upon 5 star hotel to that level again.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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