Opportunity abounds in historic, downtown Boca Grande. The Palmetto Inn , as 381 Palm is known, offers endless possibilities since it can be used as COMMERCIAL, MULTI-FAMILY or RESIDENTIAL. It is currently being used as multi-family/apartments. Built in 1908 as a grand in-town residence close to the train station. Today, the building has been completely renovated. New roof in 2004, new maintenance-free vinyl siding, electric hurricane shutters cover the windows in attic, all pipes have been upgraded to PVC. There is room for a small pool or hot tub with historic board approval. There are 2 – 80 gallon water heaters. The Inn has a total of 18 rooms: 10 bedrooms, 5 bathrooms and has a total of 4348 sq. ft. under air. There are studios and one bedroom units. Excellent location in walking distance to several restaurants, shops, galleries, beaches, marinas and parks.
Asking $1,295,000
Contact: Bob Melvin @ Gasparilla Properties, Inc.
941-380-8891 or 941-964-5650
