6940 N Federal Hwy, Boca Raton, FL 33487

 -  $2,700,000

MLS® # RX-10962794

  • $2.7M Price
  • 74 Days On Market

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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Property

Location

  • NeighborhoodN. FEDERAL HWY
  • Address6940 N Federal Hwy
  • CityBoca Raton
  • StateFL

Size And Restrictions

  • Acres0.00
  • Lot Description1/2 to < 1 Acre

Taxes

  • Tax Amount$4,760
  • Tax Year2023

Improvements

  • Property SubtypeCommercial Land

Utilities

  • UtilitiesElectric, Public Water, Municipal Sewer

Market

Building

Energy Efficiency

  • Building FacesWest

Community

Home Owners Association

  • HOA Membership (Monthly)None

Info

  • OfficeRealty Home Advisors Inc

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Listing information last updated on May 9th, 2024 at 3:00am EDT.