Property profile

2800 Federal Hwy Boca Raton, FL 33431

OFF-MARKET
Strip malls
Property ID
US18-0969211
8,297 SF 0.61 ac lot Built 1965
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

Elegance Plaza offers a fantastic retail opportunity in Palm Beach County. This multiple-tenancy property boasts one immediately available space totaling 1,800 square feet. The space benefits from excellent frontage along heavily trafficked N Federal Highway, ensuring high visibility and exposure to a large customer base. The property's strategic location near the intersection of NE Spanish River Blvd and N Federal Hwy, an area with a daily traffic count of 38,234 vehicles, guarantees significant foot and vehicular traffic. Further enhancing its appeal, Elegance Plaza is in close proximity to numerous oceanfront high-rise condominiums and residential developments, providing a substantial pool of potential customers. Visible pylon signage is available, offering an additional opportunity for impactful branding and marketing. The property's convenient location also offers easy access to I-95, Boca Raton Airport, and Florida Atlantic University (FAU), expanding its reach to a wider audience. Within walking distance, you'll find a variety of hotels, restaurants, and other retailers, creating a vibrant and attractive commercial environment. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a thriving Palm Beach County location. The available space is ready for immediate occupancy.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Construction CONCRETE
Total area 8,297 SF
Lot 0.61 ac (26,602 SF)
Zoning code R-B-1
APN 06-43-47-17-00-000-1030
UPID US18-0969211

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop
  • Hair Salon
  • Hair Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Landscaping General Contractor

Location

2800 Federal Hwy Boca Raton, FL 33431-6838
Boca Raton metro Census 7302 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2002
$750,000

Zoning & alternative use

R-B-1 · Boca Raton, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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