Address6940 N Federal Hwy, Boca Raton, FL, 33487

Price$2,700,000

  • Land

    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.

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    Essential Information

    • MLS® #RX-10962794
    • Price$2,700,000
    • HOA Fees$0
    • Taxes$4,760 (2023)
    • Acres0.00
    • TypeLand
    • Sub-TypeCommercial, Land
    • StyleNo
    • StatusActive

    Community Information

    • Address6940 N Federal Hwy
    • Area4180
    • SubdivisionN. FEDERAL HWY
    • CityBoca Raton
    • CountyPalm Beach
    • StateFL
    • Zip Code33487

    Amenities

    Exterior

    • Lot Description1/2 to < 1 Acre

    Additional Information

    • Days on Website63
    • ZoningRB1

    Listing Details

    • OfficeRealty Home Advisors Inc

    Utilities

    Electric, Public Water, Municipal Sewer

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