For Sale By Owner | 1424-1450 N Federal Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
For Sale By Owner 1424-1450 N Federal Hwy
9,365 SF Retail Building Boca Raton, FL 33432 $8,900,000 ($950/SF) 7.42% Cap Rate
Investment Highlights
- MOTIVATED OWNER , BUILDING AS IS . WITH OR WITHOUT TENANT OPTIONS
- The restaurant is located on the heavily trafficked N Federal Hwy/Glades Road intersection with great parking access
- NOVEMBER 2022 CURRENT LENDER'S APPRAISAL ATTACHED.
- Walking Distance to Downtown Boca Raton and the new Brightline Train Station and it is part of the Florida Atlantic University Corridor
- 256 Seats indoor/outdoor with 93 parking spaces.
Executive Summary
For Sale BY OWNER offering a 3% Commission to Buyer's Agent HUGE PRICE REDUCTION FOR A QUICK SALE ( Down from 9.8 MILLION). The restaurant is currently UNDER PERMITTING PROCESS TO REBRAND AS MEDALLION LOUNGE, A NEW CONCEPT BY CURRENT OWNER BUT BEFORE PERMITS ARE ISSUED AND CONSTRUCTION STARTS I AM OPEN TO BETTER SUGGESTIONS. Attached are the architectural plans for enclosing under AIR another 1500 square feet of the covered patio and Breezeway as a separate Dining room/ meeting area for private meetings and events. The authentic autographed pictures on the walls are not subject to this sale and the building is sold AS IS.
LOCATION, LOCATION, THE LOCATION MOST SOUGHT AFTER AS A HEADQUARTER OF MAJOR CORPORATIONS: Free Standing, great looking building is a fully built-out restaurant with its own 93 space parking lot, located just north of the major intersection of Glades and Federal Highway, WALKING DISTANCE FROM THE BOCA RATON RAC ZONED MIZNER PARK DOWNTOWN AND THE NEWLY CONSTRUCTED BRIGHTLINE STATION (connecting to Orlando and Miami), IN THE FAU CORRIDOR CLOSE TO TWO UNIVERSITIES. (Florida Atlantic University and Lynn University)
Current use is a restaurant but owner, Toula Amanna, bought it with the intention to partner up with the neighbors for a TEN ACRE LAND ASSEMBLAGE starting with the Office building in the corner of Glades and Federal and incorporating the Gas Station, the Car Wash, and the two floor condo office building in the back of the gas station. That option , to bring people together to do something smart and enhance further the Boca Raton Downtown area in a massive TEN-ACRE PARCEL remains feasible for a talented negotiator or developer who will be favorably seen as decent and honest by the landowners. What is needed for the assemblage is a single developer/negotiator who will be seen as such, to come forward with a decent meeting for all of us together, to have a meeting of the minds.
Please send proposal directly to Toula.Amanna@Gmail.com
LOCATION, LOCATION, THE LOCATION MOST SOUGHT AFTER AS A HEADQUARTER OF MAJOR CORPORATIONS: Free Standing, great looking building is a fully built-out restaurant with its own 93 space parking lot, located just north of the major intersection of Glades and Federal Highway, WALKING DISTANCE FROM THE BOCA RATON RAC ZONED MIZNER PARK DOWNTOWN AND THE NEWLY CONSTRUCTED BRIGHTLINE STATION (connecting to Orlando and Miami), IN THE FAU CORRIDOR CLOSE TO TWO UNIVERSITIES. (Florida Atlantic University and Lynn University)
Current use is a restaurant but owner, Toula Amanna, bought it with the intention to partner up with the neighbors for a TEN ACRE LAND ASSEMBLAGE starting with the Office building in the corner of Glades and Federal and incorporating the Gas Station, the Car Wash, and the two floor condo office building in the back of the gas station. That option , to bring people together to do something smart and enhance further the Boca Raton Downtown area in a massive TEN-ACRE PARCEL remains feasible for a talented negotiator or developer who will be favorably seen as decent and honest by the landowners. What is needed for the assemblage is a single developer/negotiator who will be seen as such, to come forward with a decent meeting for all of us together, to have a meeting of the minds.
Please send proposal directly to Toula.Amanna@Gmail.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,365 SF
Building Class
C
Year Built/Renovated
2013/2014
Price
$8,900,000
Price Per SF
$950
Cap Rate
7.42%
NOI
$660,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.36 AC
Zoning
B4 - Business, General
Parking
93 Spaces (9.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Boca Raton Restaurant Group, LLC
- Retailer
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Boca Raton Restaurant Group, LLC | Retailer | - | - | - |
Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (92)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
14,457
79,822
198,112
427,746
2029 Population
15,482
85,078
207,808
446,045
2024-2029 Projected Population Growth
7.1%
6.6%
4.9%
4.3%
Median Age
47.7
47.6
49.6
47.9
College Degree + Higher
50%
51%
48%
27%
Daytime Employees
19,503
88,601
178,993
324,634
Total Businesses
2,934
11,631
21,043
44,755
Average Household Income
$121,496
$123,248
$109,714
$101,198
Median Household Income
$94,740
$92,878
$76,854
$69,641
Total Consumer Spending
$231.9M
$1.2B
$3B
$5.9B
2024 Households
6,674
34,678
90,306
189,664
Average Home Value
$654,611
$670,752
$569,274
$492,982
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-43-47-20-15-001-0011 | Improvements Assessment | $645,915 |
| Land Assessment | $3,083,860 | Total Assessment | $3,166,100 |
PROPERTY TAXES
Parcel Number
06-43-47-20-15-001-0011
Land Assessment
$3,083,860
Improvements Assessment
$645,915
Total Assessment
$3,166,100
1 of 29
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Regulus Alliance Corporation
For Sale By Owner | 1424-1450 N Federal Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.