6940 North Federal Highway

Boca Raton, FL 33487

$2,700,000
Price
/
Lot Size / Acres

Description

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...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.
  1. Listed by Laurie S Ruehlman • Realty Home Advisors Inc
  2. Listed by Brian Ruehlman • Realty Home Advisors Inc

Property Details for 6940 North Federal Highway

Subdivision
N. FEDERAL HWY
Waterfront
No

Location

Listing Courtesy of Realty Home Advisors Inc
Add your commute
LISTING UPDATED: 04/24/2024 08:15 PM

Property Details for 6940 North Federal Highway

StatusActive
MLS #RX-10962794
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeResidential Land/Boat Docks / Commercial Land
Year Built-
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Realty Home Advisors Inc
Add your commute

Payment Calculator

$14,735 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6940 North Federal Highway

Summary
Location and General Information
  • Directions: LOCATED NORTH OF JEFFERY STREET ON EAST SIDE OF N. FEDERAL HWY. SITUATED BETWEEN RENZO'S PIZZA AND ABC LIQUOR
  • Geo Area: Palm Bch 4180;4190;4240;4250;4260;4270;4280;4290
  • Street Number: 6940
  • Subdivision Complex Bldg: N. FEDERAL HWY
  • Municipal Code: Boca Raton
  • State: FL
  • City Postal ID: 33487
  • MLS Area: 4180
  • MLS Sub Area: PB02
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • Tax Year: 2023
Property
Lot Information
  • Area: 4180
  • Develop Status: Undeveloped
  • Front Exp: West
  • HOA Amenities: None
  • Improvements: Cleared
  • Land Use: Commercial, Hotel / Motel, Professional
  • Lot Description: 1/2 to < 1 Acre
  • Parcel ID: 06434632120150090
  • Property Group ID: 19990816212131825981000000
  • REO: No
  • Roads: City/County Maint.
  • Special Assessment: No
  • Trees: None
  • Zoning: RB1
  • Front Exposure: West
Property and Assessments
  • Legal Desc: SUB 32-46-43, N 34 FT OF S 509 FT (LESS E 975 FT) OF LT 15 LYG E OF US HWY NO 1
  • Legal Description: SUB 32-46-43, N 34 FT OF S 509 FT (LESS E 975 FT) OF LT 15 LYG E OF US HWY NO 1
Utilities
  • Utilities Avail: Electric, Municipal Sewer, Public Water
  • Utilities On Site: Electric Service Available, Municipal Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Ground Cover: Grassed
Interior Features
  • Guest Accommodations: No

Property History for 6940 North Federal Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6940 North Federal Highway

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
J. C. Mitchell Elementary School
PublicPK to 5

Boca Raton Community Middle School
Public6 to 8

Boca Raton Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

6940 North Federal Highway is a nullac of land for sale in Boca Raton, FL 33487. This property was listed for sale on February 24, 2024 by Realty Home Advisors Inc, it's currently listed at $2,700,000. It has been on the market for a total of 67 days and was last sold on April 30, 2021. This listing's school district is Palm Beach. Nearby schools include J. C. Mitchell Elementary School, Boca Raton Community Middle School and Boca Raton Community High School. 6940 North Federal Highway is a 0-bed, 0-bath, nullac of land.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Home Advisors Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.