Services:
Water, Power, Street lighting, Pavment, Phone line, Internet/Broad band,
Outstanding:
Garage Door, Garage Door,
Features:
Parking, Establish business, Roads,
This is a free standing commercial/industrial building in downtown Boca Raton. It is approximatley 2400 square feet under air and sits on a little more than .21 of an acre. It is a CBS building with a concrete roof, built like a fort, so it should withstand any future storms like a trooper. You could easily expand upwards for additional space. It has central ac, plus the option of just cooling the office section with an existing window ac. It has plenty of parking and is easy to get to. This building could easily suit many businesses. It is currently occupied by a thriving automotive repair business, which is included in the price. The license alone is a treasure, as an auto garage license can be very difficult to get in Boca. The business pulls a great profit and should more than support the purchase if financed properly. The owner is willing to stay on for 6 months after closing to ensure a smooth transition for the new owner. You could easily liquidate the business at any time if you wished to use the property for another purpose.
The location of this property is a dream come true! It is downtown, between Palmetto Park Road & Glades Road, on 1st Avenue, which runs parallel to Dixie Higway. There are many wonderful businesses in the area as well as the renound Mizner Park, and the Town Hall, Police Department, and City Library are right around the corner. In addition to that, this property is accross the street from redevelopment subarea B, according to the City of Boca Raton Redevelopment Plan, and right by where they building 130 brand new luxury single family homes and villas starting in the $700,000s. This will bring many new residents within walking distance of this property, all of whom will need a variety of business services. It is already surrounded by homes and condos of varying prices and many luxury high-end residential complexes are within a mile of it. Wow, what a great investment! This whole area is being redeveloped, upgraded, expanded, etc.... and keeps going up in value. It is less than 2.5 miles from I95 and less than 6 miles from the Florida Turnpike. How much more convenient could it be?
The price above is for the whole package: the building, the land, the business, and the license. If you are interested in the land and building, you could easily liquidate the business after close and generate some quick cash in doing so. We can even put you in touch with people who expressed interest in the business portion only to help you liquidate it quickly. Call me for any numbers you need. The cap rate on this one is 10.8%! Wow! Makes that business worth keeping, huh! The owner is motivated, so hurry before someone else snaps it up! Please call (561) 807-5478 for more info or a showing.
