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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

Downtown Boca Raton Development Opportunity. DDRI zoning. 100 ft height limit. Currently developed & rented as an older strip center. Short term leases. Surrounded by High End Condos, rentals, hotels and retails. Great mixed use opportunity.

Property Facts

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
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.

Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-43-47-29-06-002-0071
  • 06-43-47-29-12-002-0011
Land Assessment
$1,617,972
Improvements Assessment
$24,386
Total Assessment
$1,554,112

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.)
  • Listing ID: 28325317

  • Date on Market: 4/26/2023

  • Last Updated:

  • Address: 180 S Federal Hwy, Boca Raton, FL 33432

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