6299 Federal HwyBoca Raton, FL 33487

  • Retail properties
  • 5,855 SF
For Lease
$35/SF/YR View listing

Property Details for 6299 Federal Hwy

Year built
1964
Construction
CONCRETE
Lot size
0.47 AC
Property size (Sq ft)
5,855 SF
Zone code
R-B-1
Property type
Retail properties
Property subtype
Strip malls
APN
06-43-47-05-02-008-0180
APU
6434705020080180

Description

Harbor Plaza, a well-maintained, locally owned 8,000 square foot retail property in East Boca Raton, Florida, offers two exceptional retail or restaurant spaces for lease. Situated directly on Federal Highway, this prime location boasts over 145 feet of frontage and excellent visibility, complemented by a generous 4/1,000 parking ratio. The property enjoys a strategic position approximately one mile north of Yamato Road and less than two miles from Interstate 95, providing easy access to Palm Beach County and beyond. Currently, successful tenants include a highly-rated restaurant and other established businesses. Available spaces range from 1,600 to 2,460 square feet. One space, measuring 1,025 square feet, benefits from direct Federal Highway frontage and prominent pylon signage. Recently updated with new storefront impact glass, these spaces offer bright, modern interiors. Operating expenses are competitively low at $7.50 per square foot, making this an economically attractive opportunity for retailers and service businesses. The property's strong tenant mix and convenient location make it an ideal investment for businesses seeking high visibility and accessibility in a thriving East Boca Raton market. The address is 6299 N Federal Hwy, Boca Raton, FL 33487.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,516,960
    6.5%
    $2,323,348
    7%
    $2,157,394
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,850,736
    Geo Method
    $2,850,736
  • Alternative Use

    Use
    Valuation
    Residential
    $1,959,830
    Hospitality
    $1,795,194
    Educational
    $1,493,580
    Medical
    $1,544,947
    Retail
    $2,323,348
6299 Federal Hwy, Boca Raton, Florida

Location Insight

City
Boca Raton
County
Palm Beach
State
Florida
Latitude
26.4053
Longitude
-80.0766
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,239
$651,232
$859,306
$1,510,538
-
$651,232
$859,306
$1,510,538

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