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770 E Palmetto Park Rd 0.86 Acres of Commercial Land Offered at $6,500,000 in Boca Raton, FL 33432
INVESTMENT HIGHLIGHTS
- Palmetto Park Rd has a Daily Traffic Count of 14,045
- Median household income of $106,142
- 5 Miles from Deerfield Beach Commuter Rail
EXECUTIVE SUMMARY
Development potential, zoned commercial and can develop multiple uses on property. Potential to convert to townhomes or residential development, but would need to seek redevelopment approval from city. Owner flexible on timing with a deposit
PROPERTY FACTS
| Price | $6,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.86 AC |
| Zoning | B1 | ||
| Price | $6,500,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.86 AC |
| Zoning | B1 |
1 LOT AVAILABLE
Lot 20-24
| Price | $6,500,000 | Lot Size | 0.86 AC |
| Price Per AC | $7,558,139.53 |
| Price | $6,500,000 |
| Price Per AC | $7,558,139.53 |
| Lot Size | 0.86 AC |
Vacant land zoned for commercial use. BUT...May be convertible to residential, min 4 units based on lot size, etc.
DESCRIPTION
Zoned B1. Frontage on 2 streets, 36,000 SF lot. Development potential zoned commercial and can develop multiple uses on property. Residential, with City of Boca Raton consent, is highest and best option. This is the last vacant, undeveloped parcel east of the intra-coastal bridge. Lot Area:37,496 Sq. Ft.
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 06-43-47-28-01-000-0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,117,187 |
PROPERTY TAXES
Parcel Number
06-43-47-28-01-000-0200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,117,187
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Presented by
Harris Litwak, ESQ
770 E Palmetto Park Rd
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