7301 Federal HwyBoca Raton, FL 33487

Property Details for 7301 Federal Hwy

Year built

1987

Construction

CONCRETE

Lot size

2.75 AC

Property size (Sq ft)

28,669 SF

Zone code

R-B-1/B4

Property type

Strip malls

Property subtype

Neighborhood centers

APN

06-43-46-32-12-005-0010

APU

6434632120050010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $12,741,960

  6.5%

  $11,761,809

  7%

  $10,921,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,507,430

  Geo Method

  $17,507,430

• Alternative Use

  Use

  Valuation

  Residential

  $9,921,526

  Hospitality

  $9,088,065

  Educational

  $7,561,163

  Medical

  $7,821,203

  Retail

  $11,761,809

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.4148

Longitude

-80.0765

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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