6940 N Federal Highway, Boca Raton, FL 33487 (MLS# RX-10962794)
$2,700,000
Boca Raton, FL 33487
MLS# RX-10962794
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Property Description
Incredible investment opportunity to develop this prime location in Boca Raton. Minutes to shopping, restaurants, beaches, Mizner and Delray's, ''The Ave.'' Entitlements pending final approval include plans and renderings for a 17,000 sf (under air) 4-story boutique hotel. Floors 2, 3 and 4 include 5 rental units per floor. Ground floor amenities include management office, laundry room, men's and women's spas, men's and women's restrooms, fitness center, indoor pickleball court, sitting area and (2) elevators. Additionally, a roof-top pool. Recent city zoning and planning meeting fine tuned details, architect has updated the exterior building renderings, as shown. FDOT has approved access from N Federal Hwy.
Details
Maps
Contract Information
Listing Date: 2024-02-24
Status: Active
Original List Price: 2700000
Auction: No
List Price: 2700000
Current Price: 2700000
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Commercial Land
Waterfront: No
Subdivision: N. FEDERAL HWY
Front Exp: West
Homeowners Assoc: None
Directions: LOCATED NORTH OF JEFFERY STREET ON EAST SIDE OF N. FEDERAL HWY. SITUATED BETWEEN RENZO'S PIZZA AND ABC LIQUOR
Location, Tax & Legal
Area: 4180
Geo Area: PB02
Country: United States
County: Palm Beach
Parcel ID: 06434632120150090
Street #: 6940
Street Dir: N
Street Name: Federal
Street Suffix: Highway
State/Province: FL
Zip Code: 33487
Legal Desc: SUB 32-46-43, N 34 FT OF S 509 FT (LESS E 975 FT) OF LT 15 LYG E OF US HWY NO 1
Zoning: RB1
Tax Year: 2023
Taxes: 4759.9
Special Assessment: No
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
Geo Lat: 26.411243
Geo Lon: -80.075514
Office/Member Info
DXORIGMLNO: RX-10962794
DXORIGMLSID: RML
Property Features
Land Use: Commercial; Hotel / Motel; Professional
Lot Description: 1/2 to < 1 Acre
Develop Status: Undeveloped
Improvements: Cleared
Utilities Avail: Electric; Municipal Sewer; Public Water
Utilities On Site: Electric Service Available; Municipal Sewer; Public Water
Ground Cover: Grassed
Roads: City/County Maint.
Avail Docs: Appraisal; Enviro. Aud-PH1; Enviro. Aud-PH2; Survey
Trees: None
Terms Considered: Cash; Conventional
Possession: Funding
Listing Office: Realty Home Advisors Inc
Last Updated: April - 25 - 2024
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Thursday 9th of May 2024 07:50 PM
Contact us to Buy, Sell or Invest
Adam Gutmann, PA
Call: (561) 859-9014
Email: adam@gutmannrealty.com