56 W 12th St

HIDDEN GEM IN PLAIN SIGHT -- This 2021 CBS building is an incredible deal for an experienced investor with four spacious 3-bedroom, 2-bathroom apartments, an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor. Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to: The iconic Peanut Island, The Port of Palm Beach Terminals, Award-winning snorkeling and stunning watersport facilities. The Related Group is currently constructing 149 Residences at Marina Village, rising 8 stories, while SobelCo is building a transformative 1.23 million SF development with 508 new condos on the 4.27 acres full city block site right in front of this quadplex. Currently, ownership is in the process of re-tenanting the units to operate the property as a short-term rental building with a corporate tenant in the district. (DISCLAIMER: Seller may, at seller’s sole discretion, withdraw the property from the market or suspend marketing activities at any time, including but not limited to ongoing lease negotiations with a corporate tenant. Listing subject to change or withdrawal without notice. No obligation to sell is implied.)