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Previous Description:
Traditional 2-bed, 1-bath brick home just two blocks from the beach and the vibrant East Beach community. This property is an outstanding opportunity for investors and builders. The existing home has a good rental history and can generate income immediately.The real value is in the spacious 8,109 sq ft (50’ x 162’) lot in an R-11 zone. This deep lot provides ample space and flexibility for future development, allowing a builder to potentially maximize lot use for a modern new construction, which is a significant advantage in this appreciating coastal neighborhood.To be sold AS-IS. This property can be purchased individually or as part of a three-property investor package with 9561 and 9566 19th Bay St. Excellent potential for a high-demand Airbnb. Don't miss this chance to secure a beach community asset!
Updated Description:
Traditional 2-bed, 1-bath brick home just two blocks from the beach and the vibrant East Beach community. This property is an outstanding opportunity for investors and builders. The existing home has a good rental history and can generate income immediately.The real value is in the spacious 8,109 sq ft (50’ x 162’) lot in an R-11 zone. This deep lot provides ample space and flexibility for future development, allowing a builder to potentially maximize lot use for a modern new construction, which is a significant advantage in this appreciating coastal neighborhood.To be sold AS-IS. This property can be purchased individually or as part of a three-property investor package with 9561 and 9566 19th Bay St. 9559 and neighboring 9561 lot could potentially be combined to build a multi-unit apartment building. Excellent potential for a high-demand Airbnb. Don't miss this chance to secure a beach community asset!
