Property profile

6299 Federal Hwy Boca Raton, FL 33487

OFF-MARKET
Strip malls
Property ID
US18-5300354
5,855 SF 0.47 ac lot Built 1964
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

Harbor Plaza, a well-maintained, locally owned 8,000 square foot retail property in East Boca Raton, Florida, offers two exceptional retail or restaurant spaces for lease. Situated directly on Federal Highway, this prime location boasts over 145 feet of frontage and excellent visibility, complemented by a generous 4/1,000 parking ratio. The property enjoys a strategic position approximately one mile north of Yamato Road and less than two miles from Interstate 95, providing easy access to Palm Beach County and beyond. Currently, successful tenants include a highly-rated restaurant and other established businesses. Available spaces range from 1,600 to 2,460 square feet. One space, measuring 1,025 square feet, benefits from direct Federal Highway frontage and prominent pylon signage. Recently updated with new storefront impact glass, these spaces offer bright, modern interiors. Operating expenses are competitively low at $7.50 per square foot, making this an economically attractive opportunity for retailers and service businesses. The property's strong tenant mix and convenient location make it an ideal investment for businesses seeking high visibility and accessibility in a thriving East Boca Raton market. The address is 6299 N Federal Hwy, Boca Raton, FL 33487.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1964
Construction CONCRETE
Total area 5,855 SF
Lot 0.47 ac (20,351 SF)
Zoning code R-B-1
APN 06-43-47-05-02-008-0180
UPID US18-5300354

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
  • Hair Salon Nail Salon
  • Restaurant
  • Clothing & Fashion Store
  • Bar & Pub

Location

6299 Federal Hwy Boca Raton, FL 33487-3224
Boca Raton metro Census 7301 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
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Blend (final) Blend
$1.02M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2022
$3.2M
2017
$1.5M
2012
$1.1M

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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