55 5Th AveBoca Raton, FL 33432

Property Details for 55 5Th Ave

Year built

2001

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property type

Office buildings

APN

06-43-47-20-44-000-0010

APU

6434720440000010

Description

Fifth Avenue Place offers a remarkable 2,229 square foot executive office suite in the heart of Boca Raton's vibrant business district. Located at 55 NE 5th Ave, Boca Raton, FL 33432, this Class A office space, part of a larger 140,480 square foot building constructed in 2002, presents a unique opportunity for businesses seeking a prestigious address. The suite boasts a thoughtfully designed layout, including private offices, a large conference room, and an expansive meeting/training room, perfectly suited for collaborative work and client presentations. A 14-person workstation provides ample space for a productive team. The building offers convenient access to ample parking within an attached garage, ensuring ease of access for employees and clients. This exceptional location places your business within walking distance of Boca Raton's premier shopping and dining destinations, enhancing both convenience and professional image. The suite is immediately available, offering a chance to establish your presence in one of South Florida's most desirable business communities. This is a multiple tenancy building in Palm Beach County. Don't miss this opportunity to secure your ideal workspace in this thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $13,223,066

  6.5%

  $12,205,907

  7%

  $11,334,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,416,228

  Geo Method

  $8,416,228

• Alternative Use

  Use

  Valuation

  Residential

  $15,135,324

  Hospitality

  $13,863,876

  Educational

  $11,534,582

  Medical

  $11,931,274

  Retail

  $17,942,684

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3512

Longitude

-80.0782

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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