Property summary
This 28,669 square foot retail shopping center and storefront, situated on 2.75 acres at 7301 N Federal Hwy in Boca Raton, Florida (33487), presents a compelling owner-user or redevelopment opportunity. Built in 1987, this single-story Class C property features multi-tenancy and is zoned R-B-1/B4—BUSINESS (06-BOCA RATON). The asking price is $12,000,000. Its prime location in the northeastern part of Boca Raton, less than a mile from Delray Beach, offers exceptional visibility on Federal Highway (US-1), boasting high traffic counts. The property is adjacent to Boca Valley Plaza, anchored by Publix and featuring various retail businesses. Its proximity to I-95, Downtown Boca Raton, Downtown Delray Beach, and numerous attractions including Mizner Park, the Boca Raton Museum of Art, and Gumbo Limbo Nature Center, enhances its appeal. Convenient access to Brightline's Boca Raton Station, Boca Raton Airport, Palm Beach International Airport, and the Port of Palm Beach further strengthens its strategic position. The property's flexible zoning allows for potential rezoning and redevelopment, making it suitable for profitable rental opportunities or the creation of high-end townhomes. The strong economic foundation and desirable demographics of Boca Raton contribute to the property's high potential. The APN is 06-43-46-32-12-005-0010.
Property profile
VerifiedCap rate & NOI
Current use
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Furniture & Home Goods Hardware & Home Improvement
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Insurance Agency
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Marketing & Advertising Advertising Agency
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(Bike/Boat/Book/etc) Store Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-B-1/B4 · Boca Raton, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R-B-1/B4 in Boca Raton, FL.
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