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Property profile & analytics
FOR SALE
Showrooms

6345 Boynton Beach Blvd Boynton Beach, FL 33437

15,048 SF 8.89 ac lot Built 1972
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3417825
Property summary
AI-generated overview

This exceptional 4.5-acre commercial land parcel in Boynton Beach, Florida, presents a remarkable redevelopment opportunity. Located at 6345 Boynton Beach Blvd, with APN 00424522000005030, this property is zoned MUPD and offers significant potential for various uses. The asking price is $9,375,000, translating to approximately $1,689,189.19 per acre. Site plan approval is already in place, allowing for immediate development. Envisioned plans include a three-story, 125,000 square foot self-storage facility, potentially expandable to 250,000 square feet. Further development could incorporate outdoor RV and boat storage. The property boasts excellent visibility and accessibility from Jug Road and Boynton Beach Boulevard, benefiting from its proximity to Mainstreet at Boynton, a thriving mixed-use development featuring high-end retailers and a significant assisted living facility. This prime location is surrounded by a robust demographic, with a population exceeding 250,000 within a five-mile radius and above-average household incomes within a three-mile radius. This 1031 exchange-eligible property is ideal for investors seeking high returns in a rapidly growing market. The property's strategic location and existing approvals make it an exceptional investment opportunity.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1972
Construction CONCRETE
Total area 15,048 SF
Lot 8.89 ac (387,039 SF)
Zoning code MUPD
APN 00-42-45-22-00-000-5030
UPID US18-3417825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • South Florida Produce Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.54M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.34M
Blend (final) Blend
$8.50M
Owner & transaction history
Lake Park 1100 LLC · 4 yrs held
Lake Park 1100 LLC
since 2022
Last sale
$8.5M
3 recorded transactions
2022
$8.5M
2014
Price N/A
2004
$621,700
Zoning & alternative use
MUPD · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $10.4M +97.4%
Apartment house (5+ units) $10.3M +96.1%
Auto repair, garage $7.4M +41.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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