101 Federal Hwy Boynton Beach, FL 33435-4114
- Grocery and convenience stores
- 1,792 SF
- 0.25 lot acres
Current Use by Public Records
- Pioneer Water Damage Restoration / General Contractor / Building Restoration Service
- psychic readings by lauren rose / Fortune Telling Services / Psychic
- Lodestone Art Services / Art Studio / Artist
- TAVA Inc / Consultant
- Nature Heals Vegan Cafe Call in Orders & Deliveries Available Only At Location / Vegan Restaurant
Property Details for 101 Federal Hwy
- Year built
- 1929
- Construction
- CONCRETE
- Lot size
- 0.25 lot acres
- Property size
- 1,792 SF
- Zone code
- CBD
- Property type
- Grocery and convenience stores
- APN
- 08-43-45-28-03-006-0130
- APU
- 8434528030060130
Description
This exceptional 1,045 square foot restaurant space is available for immediate occupancy at 101 S Federal Hwy #107, Boynton Beach, FL 33435. Located on the ground floor of the 500 OCEAN building, a luxury residential community boasting 371 apartments and approximately 800 residents, this second-generation café benefits from significant previous investment. Over $128,000 in improvements were made during its previous use as a café, including a grease trap. The property is situated in a prime location, directly on S Federal Hwy, steps from E Ocean Blvd, and surrounded by other high-end residential communities totaling approximately 1,200 units, with an additional 1,380 units in upcoming or approved projects. The space offers a significant advantage with abundant parking for both employees and customers, including rear and covered garage parking. Furthermore, eligible businesses may take advantage of available grants offered by the Boynton Beach Community Redevelopment Agency (BBCRA) for new and expanding businesses. The property is zoned MU-H (ci) and has an APN of 08434528030070010. This single-tenant space within a larger building presents a unique opportunity for a thriving restaurant business in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,110,000
- 6.5%
- $1,950,000
- 7%
- $2,060,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,885,000
- Geo Method
- $2,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,960,000
- Retail
- $1,970,000
- Mixed-Use
- $2,375,000
- Hospitality
- $2,255,000
- Educational
- $2,220,000
- Residential Income
- $1,835,000
- Energy
- $2,240,000
- Income-Based Land
- $2,170,000
- Food Service
- $2,080,000
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0584
- Latitude
- 26.5273
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
