101 Palmetto Park Rd Boca Raton, FL 33432
- Retail space
- 5,098 SF
- 0.24 lot acres
Current Use by Public Records
- David Pantoja / Real Estate Agency
- Florida Premier Realty - Jan Deborah Imperato B.A. / Real Estate Agents
- Florida Premier Realty / Real Estate Agency
- Dave Hibbs, Realtor® / Real Estate Agent
Property Details for 101 Palmetto Park Rd
- Year built
- 1939
- Construction
- WOOD
- Lot size
- 0.24 lot acres
- Property size
- 5,098 SF
- Zone code
- DDRI
- Property type
- Retail space
- APN
- 06-43-47-20-28-000-0371
- APU
- 6434720280000371
Description
This exceptional 1,458 square foot retail space is ideally situated in the heart of downtown Boca Raton, Florida, at 101 E Palmetto Park Road E, zip code 33432. The property, zoned DDRI (APN: 06434720280000371), offers a single-tenant occupancy within a building containing only one suite. Currently configured as office space, it features two separate bays (101 & 103) that have been joined, providing a flexible layout adaptable to various retail uses. The space includes two bathrooms and is conveniently located just steps from Mizner Park and the Royal Palm Plaza BrightLine Station, across from Louie Bossi's Ristorante Bar Pizzeria. Its prime corner location at Palmetto Park Road and NE 1st Avenue, one block east of Federal Highway, ensures high visibility and accessibility. The property's proximity to the upcoming Aletto offices at Sanborn Square, a new trophy office tower, further enhances its investment potential. While the current build-out is for offices, the space can be easily converted to an open floor plan to suit a variety of retail needs. The lot size is not specified. This is a rare opportunity to secure a highly desirable retail location in one of South Florida's most vibrant and sought-after areas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,295,000
- 6.5%
- $2,520,000
- 7%
- $2,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,675,000
- Geo Method
- $2,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,160,000
- Retail
- $2,780,000
- Mixed-Use
- $2,470,000
- Hospitality
- $2,520,000
- Educational
- $2,410,000
- Residential Income
- $2,750,000
- Energy
- $2,465,000
- Income-Based Land
- $2,430,000
- Food Service
- $2,455,000
Location Insight
- Map
- Local Demand
- City
- Boca Raton
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0855
- Latitude
- 26.3508
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
