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151 Riviera Dr - Riviera Drive 0.21 Acres of Commercial Land Offered at $831,053 CAD in Pasadena, MD 21122
INVESTMENT HIGHLIGHTS
- Income producing
- detached garage
- Convenient location
EXECUTIVE SUMMARY
So many possibilities with this versatile property! With county permitting, the existing structure may be converted into a single-family home with an attached in-law suite, offering flexibility for multi-generational living or continued income potential.
This licensed three-unit property sits on a fenced corner lot just off the main street in the heart of Riviera Beach. Enjoy a highly walkable location—two blocks from the bus stop and within easy walking distance to grocery stores, convenience shops, restaurants, and more.
Unit Details
• Main Level – Unit A: 1 bedroom, kitchen, living room, and full bath
• Main Level – Unit B: 2 bedrooms, kitchen, dining room, living room, full bath, and laundry area
• Upper Level – Unit C: 1 bedroom, kitchen/dining combination, living room, and full bath
Each unit is equipped with ceiling fans and air conditioning and maintains separate occupancy and lead inspection certifications.
An excellent investment opportunity in a desirable, water-privileged community featuring a sandy beach, boat ramp, pier, community parks, walking paths, schools, and churches.
Additional Notes:
• Long-term tenant in Unit C (currently month-to-month)
• Also listed under Multifamily MDAA2128774
Unique opportunity for this multi-dwelling property with strong income potential. Two of the existing tenants are on month-to-month leases and, having benefited from the landlord’s generosity, are prepared to vacate.
• Unit A: Monthly rent $1,500.00, currently month-to-month (estimated market rent $1,800.00)
• Unit B: Monthly rent $1,150.00 (below market) with a lease in place through the end of 2026 (estimated market rent $1,400.00)
• Unit C: Monthly rent $750.00, currently month-to-month (estimated market rent $1,200.00)
Tenants are paying below market rent.
Tenant Notices: Notice has been served to all tenants.
Showings: Agents, please contact the listing agent to gain access. Kindly allow 2 hours’ notice for all showings. Showings available Monday–Friday after 3:45 PM.
PROPERTY FACTS
| Price | $831,053 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | ||
| Zoning | R5 | ||
| Price | $831,053 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.21 AC |
| Zoning | R5 |
1 LOT AVAILABLE
Lot 2
| Price | $831,053 CAD | Lot Size | 0.21 AC |
| Price Per AC | $3,957,393.42 CAD |
| Price | $831,053 CAD |
| Price Per AC | $3,957,393.42 CAD |
| Lot Size | 0.21 AC |
Corner, level, fenced in lot - detached garage
DESCRIPTION
Riviera Beach Multi-Unit Opportunity So many possibilities with this versatile property! With county permitting, the existing structure may be converted into a single-family home with an attached in-law suite, offering flexibility for multi-generational living or continued income potential. This licensed three-unit property sits on a fenced corner lot just off the main street in the heart of Riviera Beach. Enjoy a highly walkable location—two blocks from the bus stop and within easy walking distance to grocery stores, convenience shops, restaurants, and more. Unit Details • Main Level – Unit A: 1 bedroom, kitchen, living room, and full bath • Main Level – Unit B: 2 bedrooms, kitchen, dining room, living room, full bath, and laundry area • Upper Level – Unit C: 1 bedroom, kitchen/dining combination, living room, and full bath Each unit is equipped with ceiling fans and air conditioning and maintains separate occupancy and lead inspection certifications. An excellent investment opportunity in a desirable, water-privileged community featuring a sandy beach, boat ramp, pier, community parks, walking paths, schools, and churches. Additional Notes: • Long-term tenant in Unit C (currently month-to-month) • Also listed under Multifamily MDAA2128774 Unique opportunity for this multi-dwelling property with strong income potential. Two of the existing tenants are on month-to-month leases and, having benefited from the landlord’s generosity, are prepared to vacate. • Unit A: Monthly rent $1,500.00, currently month-to-month (estimated market rent $1,800.00) • Unit B: Monthly rent $1,150.00 (below market) with a lease in place through the end of 2026 (estimated market rent $1,400.00) • Unit C: Monthly rent $750.00, currently month-to-month (estimated market rent $1,200.00) Tenants are paying below market rent. Tenant Notices: Notice has been served to all tenants. Showings: Agents, please contact the listing agent to gain access. Kindly allow 2 hours’ notice for all showings. Showings available Monday–Friday after 3:45 PM. There is a detached garage on property, unit C currently uses garage, could potentially be income producing
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151 Riviera Dr - Riviera Drive
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