6299 Federal HwyBoca Raton, FL 33487

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

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