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180 S Federal Hwy - HJS Investment, Inc.
0.4 Acres of Commercial Land Offered at $6,900,000 in Boca Raton, FL 33432
Executive Summary
Property Facts
Price | $6,900,000 | Property Type | Land |
Sale Type | Investment or Owner User | Property Subtype | Commercial |
No. Lots | 1 | Total Lot Size | 0.40 AC |
Price | $6,900,000 |
Sale Type | Investment or Owner User |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 0.40 AC |
1 Lot Available
Lot
Price | $6,900,000 | Lot Size | 0.40 AC |
Price Per AC | $17,126,135 |
Price | $6,900,000 |
Price Per AC | $17,126,135 |
Lot Size | 0.40 AC |
Property consists of two folio numbers plus vacated rights of way totaling approx 17,530 +/- sq. ft. Main parcel has approx 104 feet of frontage on Federal Hwy, 155 feet of frontage on SE 2nd Street and 151 feet of frontage on SE 1st Avenue
Description
Location - Location - Location Located in the Heart of Downtown Boca Raton, providing an excellent Redevelopment Opportunity. Existing Older retail on site will provide income during approval process. Short term leases. DDRI zoning allows Retail, Office, Residential, Hotel. 100 foot height limit. 143 room Royal Palm Place Hotel just approved across 2nd St to the south. Also, The Residences of Boca was just approved for 190 rental apartments at SE 4th Street on the west side of Federal Mizner Park, Mandarin Hotel, Royal Palm Place - all make for a great neighborhood.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $24,386 | |
Land Assessment | $1,617,972 | Total Assessment | $1,554,112 |
PROPERTY TAXES
zoning
Zoning Code | DDRI (DDRI (Downtown Redevelopment) Retail, Office, Residential, Hotel - very liberal. 100 foot height limit.) |
DDRI (DDRI (Downtown Redevelopment) Retail, Office, Residential, Hotel - very liberal. 100 foot height limit.) |
Presented by
180 S Federal Hwy - HJS Investment, Inc.
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