Incredible investment opportunity to develop this prime location in Boca Raton. Minutes to shopping, restaurants, beaches, Mizner and Delray’s, ”The Ave.” Entitlements pending final approval include plans and renderings for a 17,000 sf (under air) 4-story boutique hotel. Floors 2, 3 and 4 include 5 rental units per floor. Ground floor amenities include management office, laundry room, men’s and women’s spas, men’s and women’s restrooms, fitness center, indoor pickleball court, sitting area and (2) elevators. Additionally, a roof-top pool. Recent city zoning and planning meeting fine tuned details, architect has updated the exterior building renderings, as shown. FDOT has approved access from N Federal Hwy.
Property Details
Price:
$2,700,000
MLS #:
RX-10962794
Status:
Active
Baths:
0
Address:
6940 N Federal Highway
Type:
Land
Subtype:
Commercial Land
Subdivision:
N. FEDERAL HWY
City:
Boca Raton
Listed Date:
Feb 24, 2024
State:
FL
ZIP:
33487
Schools
Interior
Exterior
Homeowners Assoc
None
Lot Description
1/2 to < 1 Acre
Financial
Buyer Agent Compensation
2.5%%
Taxes
$4,760
Map
Contact Us
Mortgage Calculator
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Listing courtesy of Realty Home Advisors Inc, (561)–613–0393
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
6940 N Federal Highway
Boca Raton, FL
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