1700 Dixie HwyBoca Raton, FL 33432

Property Details for 1700 Dixie Hwy

Year built

1985

Construction

CONCRETE

Lot size

1.77 AC

Property size (Sq ft)

26,810 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

06-43-47-17-00-000-7050

APU

6434717000007050

Description

This single-story, 25,827 square foot Class B office building in Boca Raton, Florida, offers three available suites ranging from 245 to 1,053 square feet. Located at 1700 N Dixie Hwy, this property enjoys a prime location on the North Dixie Highway corridor, near Downtown Boca Raton. The building features a traditional structure with Mediterranean-style arches and finishes, providing a unique and attractive workspace. With a total of 45 offices, the building caters to a diverse range of tenants, including service professionals. Amenities include individual mail lock boxes, a convenient conference room, vending machines, and ample street-level parking. The 1.77-acre parcel offers significant space and visibility. The building's versatile design accommodates various office subtypes, including executive, medical, creative, and traditional office spaces, as well as suites. This property presents a compelling opportunity for businesses seeking a well-maintained and conveniently located office space in the thriving Boca Raton market. The building is situated in Palm Beach County, Florida, within the Boca Raton submarket cluster, and boasts a total leasable area of 37,789 square feet. Multiple tenancies are available.

• CAP approach

  CAP return

  Valuation

  6%

  $8,138,439

  6.5%

  $7,512,405

  7%

  $6,975,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,179,960

  Geo Method

  $5,179,960

• Alternative Use

  Use

  Valuation

  Residential

  $9,315,382

  Hospitality

  $8,532,840

  Educational

  $7,099,222

  Medical

  $7,343,376

  Retail

  $11,043,235

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3655

Longitude

-80.0848

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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