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Kathleen Comerford

team@thecomerfordgroupfl.com +1(561) 419-5525

$6,750,000

Est. payment - /mo

6,459 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,459 sqft

Price per Sqft $1,045

MLS Listing ID B26089195

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $59,000

Tax Year 2026

Lot Size 1.240 Acres

Acres 1.24

Property Sub-Type Mixed Use

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.

Location

State FL

County Palm Beach

Area 4330

Zoning C-4 / CBD

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Concrete

Fireplace No

Exterior

Parking Features Free Parking

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Water Access Desc Multiple Meters,Public

Roof Type Other

Accessibility None

Total Parking Spaces 40

Building

Lot Description 1-2 Acres, Central Business District, City Lot

Dwelling Type Mixed Use,Retail

Story 1

Entry Level One

Sewer Public Sewer

Water Multiple Meters, Public

Level or Stories One

Structure Type CBS (Concrete Block Structure),Block

New Construction No

Construction Status Resale

Others

Tax ID 08434521260030020

Security Features Fire Alarm,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Brad Kuskin Compass Florida LLC

Kathleen Comerford

Team Leader | Broker Associate License ID: BK3455404

+1(561) 419-5525 | team@thecomerfordgroupfl.com

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511 NE 4TH ST Boynton Beach, FL 33435

Kathleen Comerford

Key Details

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511 NE 4TH ST

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