SQUARE FEET6,459
MLS#B26089195
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
Federal Highway Redevelopment Assemblage: seven parcels, 1.24 AC (53,931 SF), in three development blocks in the Boynton Beach CRA Downtown District, one block north of Boynton Beach Blvd. Single owner; buy all or by block. Frontage on N Federal Hwy, NE 4th St, NE 4th Ave and NE 5th Ave. Zoned CBD and C-4; eligible under the Live Local Act for multifamily or mixed-use by right, no rezoning, up to the 14-story height across Federal Hwy. By-right concept: 99 units and 14,000 SF retail. Downtown TOD District and Opportunity Zone, near Ocean One, The Pierce and Town Square. Five buildings (6,459 SF) earn about $167K in place, $347K with the 511 NE 4th St venue leased; month-to-month tenancies allow vacant delivery. OM, survey dimensions and concept plans available. BLOCK A (0.70 AC, C-4): 511 and 522 NE 4th St, 312.5 ft on NE 4th St along the FEC corridor; turnkey 1,740 SF bar and event venue (marketed for lease at $15,000/mo gross, FF&E in place) plus 1,128 SF retail. BLOCK B (0.25 AC, CBD): 521 N Federal Hwy, 520 and 522 NE 5th Ave; corner with 100 ft on Federal, 128 ft on NE 5th Ave and 75 ft on NE 4th St. BLOCK C (0.29 AC, CBD): 417 and 445 N Federal Hwy; 128 x 100 ft corner with three street frontages. EXPANSION: adjoining owners have indicated a willingness to sell, creating the opportunity to grow the site to a contiguous assemblage of up to 4.4 acres, subject to acquisition and City approvals; ask the listing team about assemblage options. LOCATION: N Federal Hwy carries about 24,500 vehicles per day at the site. The CRA has committed $62.8M in tax increment agreements to the four largest downtown projects (Town Square, Ocean One, The Villages at East Ocean, The Pierce), and The Pierce four blocks south was approved at roughly 130 units per acre. Live Local projects may also qualify for the Middle Market property tax exemption. Buyer to verify all development standards with the City.
Property Features
Property Type: Commercial - Retail
Cooling: Central Building
Heating: Central
Home Style: Commercial, Retail
Lot Size: 1.24 Acres
Roof Type: Other
Stories: 1.0
Taxes: $59,000
Year Built: 1955
Feature Descriptions
Exterior: CBS
Flooring: Concrete
Parcel#: 08434521260030020
Parking: Free
Parking Notes: Free
Security: Fire Alarm, Smoke Detector(s)
Sewer: Public Sewer
Structure Type: Mixed Use, Retail
Units: 5
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Listed By / Shown By
Listed By
Agency Name: Compass Florida LLC
Agency Phone: 561-285-4794
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
511 NE 4th Street | MLS# B26089195
This commercial property located at 511 NE 4th Street, Boynton Beach, FL 33435 is currently listed for sale with an asking price of $6,750,000. Search Boynton Beach real estate on www.realtymark.net today.