6299 Federal HwyBoca Raton, FL 33487
- Retail properties
- 5,855 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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