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    633/641 6Th Ave Boynton Beach, FL 33435

    Sponsored
    For Sale
    $5,500,000

    Prime location, high-rise potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 633/641 NE 6th Avenue in Boynton Beach, Florida, presents a unique investment opportunity. Priced at $5,500,000, this 0.54-acre site is zoned CBD, allowing for multi-family or commercial development. Imagine a high-rise building, potentially up to 15 stories, boasting breathtaking Intracoastal views from the second floor and ocean views from the fifth. Currently, the land includes a 2,772 square foot home with a pool and a 2,530 square foot duplex, offering immediate income potential, although the sale is for the land itself. The property's central location within Boynton Beach's business district provides unparalleled convenience, just steps from the Intracoastal Waterway and within close proximity to shopping, dining, parks, and less than a mile from the beach. Easy access to I-95 further enhances its appeal. This is a rare chance to capitalize on the rapid growth of this desirable area, creating a luxury condominium complex, boutique hotel, or modern office space. The year built for the existing structures is 1961. Note that all provided information, including dimensions and features, is subject to verification. Potential buyers are strongly encouraged to conduct their own due diligence.

    Property Features for 633/641 6Th Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1961
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0567916
    Latitude
    26.5322082

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high-rise potential.
    Where is this mixed-use property located?
    The property is located at 633/641 6Th Ave Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    Request Owner's contact information
    633/641 6Th Ave Boynton Beach, FL 33435
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    Boynton Beach, FL 33435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    633/641 6Th Ave Boynton Beach, FL 33435
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