3301 2Nd AveBoca Raton, FL 33431

Property Details for 3301 2Nd Ave

Year built

1999

Construction

CONCRETE

Lot size

0.50 AC

Property size (Sq ft)

6,280 SF

Zone code

B-4

Property type

Office properties

Property subtype

Office buildings

APN

06-43-47-08-37-000-0020

APU

6434708370000020

Description

This two-story office building in Boca Raton, Palm Beach County, offers a variety of spaces to lease, ranging from 100 sq. ft. to 1,596 sq. ft., with a large 3,041 sq. ft. second-floor space also available. The building is ideally located in the NW corridor of Boca Raton Boulevard, providing easy access via the Spanish River Boulevard I-95 exit and other major intersections. The first floor currently houses two established medical tenants, including an alternative laser therapy clinic, creating a stable and reputable environment. This floor is well-suited for medical offices, while the second floor is designed for traditional, executive, coworking, or creative office spaces. The large second-floor space includes a kitchenette, conference room, approximately ten individual offices, a storage closet, and two bathrooms. The building's flexible layout caters to diverse business needs, making it an excellent choice for a variety of professional uses. Multiple tenancy options are available. This is a prime opportunity to secure office space in a thriving Boca Raton location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,836,503

  6.5%

  $1,695,234

  7%

  $1,574,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,213,359

  Geo Method

  $1,213,359

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,090

  Hospitality

  $1,925,503

  Educational

  $1,601,996

  Medical

  $1,657,091

  Retail

  $2,491,994

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3802

Longitude

-80.0862

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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