USAFLBoynton BeachRobert Add to Town of Boy511 Ne 4Th St

511 Ne 4Th St, Boynton Beach, FL

Name: 511 Ne 4Th St, For Sale in Boynton Beach - Zoocasa
Brand: Compass Florida LLC
SKU: B26089195
Price: 6750000 USD

House

For Sale

Listed price in listed location currency (USD).

$6,750,000

0040

MLS® B26089195

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes $59,000

Days Active 1

Lot Size 1.24 Acres

Approx. Age 1955

MLS® Number B26089195

Property Address: 511 Ne 4th St, Boynton Beach, FL, 33435-4105

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberB26089195

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1955

Basement

DrivewayFree Parking

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Map

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