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1500 Gateway Blvd
Boynton Beach, FL 33426
Renaissance Commons · Office Property For Sale
Investment Highlights
- Institutional-quality unanchored retail center positioned at a premier Boynton Beach intersection with exceptional daily traffic activity
- High-performing restaurant concentration supported by seasoned operators and robust reported sales.
- Attractive long-term revenue profile driven by widespread annual rent escalations and diversified national and regional tenancy.
- Surrounded by a dense residential base with more than 276K residents within minutes and strong household income levels.
- Immediate access to I-95 and key demand drivers including Quantum Business Park, major hotels, and Boynton Beach High School
- Highly functional site plan offering superior visibility, architecture, parking, and connectivity within the Golden Mile corridor.
Executive Summary
Institutional-quality unanchored retail strip center, situated at high profile intersection (81K vpd, that serves as a gateway to Boynton Beach’s “Golden Mile” retail corridor. Proximate to I-95 (1 mile east), Quantum Business Park, multiple hotels, and Boynton Beach HS. Part of a highly successful mixed-use, multilevel retail/office development
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Building Size
224,485 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$32,000,000
Price Per SF
$142.55
Percent Leased
91%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
44,897 SF
Building FAR
0.48
Lot Size
10.79 AC
Zoning
SMU - Suburban Mixed-Use District
Parking
250 Spaces (4 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,194,698 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,194,698
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