1603-1609 NW 2nd Avenue, Boca Raton, FL
Shopping Center for Sale - $3,050,000 - 7,040 Sq. Ft. on 0.7 acres
Property Info
| CIMLS# | 970479 |
| Location 1603-1609 NW 2nd Avenue Boca Raton FL 33432 | |
| Updated | December 1st, 2017 |
| Type | Shopping Center |
| Price | $3,050,000 |
| Building | 7,040 Sq. Ft. |
| Land | 0.7 acres |
Property Description
Boca Raton Plaza is a 7,040 SF retail strip center strategically located between Glades Road and NW 20th Avenue just west of North Dixie Highway in the affluent, extremely dense East Boca Raton submarket of Palm Beach County Florida. Built in 1993 and renovated in 2015, this well maintained property features ample parking and benefits from approximately 265 SF of frontage as well as two ingress/egress points on busy NW 2nd Ave (NW Boca Raton Blvd) with approximately 20,500 VPD.
This 100% occupied center is currently subdivided in a two tenant configuration. Minuteman Press, a local franchisee of this national tenant, has two years remaining on its original 12-year lease with one, three-year option to renew and 3% annual rental increases. Lee