1799 2Nd AveBoca Raton, FL 33432

Property Details for 1799 2Nd Ave

Year built

1974

Construction

WOOD

Lot size

1.57 AC

Property size (Sq ft)

6,286 SF

Zone code

B-1

Property type

Retail properties

Property subtype

Strip malls

APN

06-43-47-17-28-016-0140

APU

6434717280160140

Description

This exceptional retail property, located at 1799 NW 2nd Avenue in Boca Raton, Florida, presents a compelling investment opportunity. The property, built in 1974, is zoned for retail use and boasts a prime location within a high-traffic area known for its strong business activity. While the lot size is not specified, the building's established presence and proven sales history indicate significant potential for continued success. The asking price for this established business is $88,500. This represents a rare chance to acquire a well-positioned retail space in a thriving Boca Raton commercial district. The property's history of strong sales demonstrates its viability and attractiveness to customers. This turnkey operation offers immediate income potential and the opportunity for future growth within a dynamic and desirable market. The property's address is 1799 NW 2nd Avenue, Boca Raton, FL 33432. Serious inquiries are encouraged to explore this promising investment further. The property is situated in Palm Beach County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,805,020

  6.5%

  $2,589,250

  7%

  $2,404,303

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,060,586

  Geo Method

  $3,060,586

• Alternative Use

  Use

  Valuation

  Residential

  $2,184,129

  Hospitality

  $2,000,650

  Educational

  $1,664,518

  Medical

  $1,721,763

  Retail

  $2,589,250

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.366

Longitude

-80.0907

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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