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    6940 Federal Hwy Boca Raton, FL 33487

    Sponsored
    For Sale
    $3,695,000

    Seven-unit property, prime location, high demand.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 6940 N Federal Highway in Boca Raton, Florida, presents a compelling investment opportunity. Priced at $3,695,000, this seven-unit building is ideally situated in East Boca Raton, a highly desirable area known for its vibrant atmosphere and proximity to coveted amenities. The property benefits from its location near local dining, shopping, and pristine beaches, placing it within easy reach of Boca Raton's most sought-after waterfront communities. Its strategic position offers convenient access to the renowned Mizner Park and Atlantic Avenue, enhancing its appeal to both residents and businesses. While the year built and lot size are currently unavailable, the property's strong location and seven-unit composition suggest significant potential for rental income and future appreciation. This is a rare chance to acquire a mixed-use asset in a thriving market, offering a blend of immediate income generation and long-term growth prospects. The property's address is 6940 N Federal Highway, Boca Raton, FL 33487, within Palm Beach County. Further details regarding the specific unit breakdown and building specifications are available upon request. This is a truly remarkable opportunity to establish a presence in one of South Florida's most dynamic and desirable locations.

    Property Features for 6940 Federal Hwy

    General Information

    Property type
    Mixed-use properties

    Building Details

    Units
    7

    HighLights

    • Exceptional mixed‑use investment opportunity in East Boca Raton, FL.
    • Seven‑unit building priced at $3,695,000.
    • Ideally located near dining, shopping, and beaches.
    • Convenient access to Mizner Park and Atlantic Avenue.
    • Strong rental income and appreciation potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0757126
    Latitude
    26.4110886

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-unit property, prime location, high demand.
    Where is this mixed-use property located?
    The property is located at 6940 Federal Hwy Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $3,695,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in East Boca Raton, FL.; Seven-unit building priced at $3,695,000.; Ideally located near dining, shopping, and beaches.
    Request Owner's contact information
    6940 Federal Hwy Boca Raton, FL 33487
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    Boca Raton, FL 33487
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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
    6940 Federal Hwy Boca Raton, FL 33487
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