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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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511 NE 4th St , Boynton Beach, FL 33435
$6,750,000
Est. Payment: $36,035.20/mo
6459 Sqft
1.24 Acres
Status: active | Days on site: 3
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FLL276719540 - FLL276539706,FLL276559764
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House 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.

Highlights

Listed by Brad Kuskin , 561-232-7899 and Dominic Posocco , 610-295-9127 Compass Florida LLC , 561-285-4794. REALTOR Association of Greater Miami and the Beach

Property Type

Commercial Sale

Lot/Acreage
1.24

Year Built

1955

County

Palm Beach

Area

4330

Listing ID

B26089195

Questions about this listing?

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Interior Features

Air Cond:Central Air
Fireplaces:
Floor:Concrete
Water:Public

Exterior Features

Lot:1-2 Acres
Garage Capacity:40
Zoning:C-4 / CBD
Roof:Other
Sewer:Public Sewer
Parking Features:Free Parking
Principal Interest
$36,035
Taxes
$4,917

Home Price

$6,750,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$1,350,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$36,035.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $36,035.20 $4,916.67 $0.00 $40,951.87
Yearly $432,422.39 $59,000.00 $0.00 $491,422.39
Total $12,972,671.70 $1,770,000.00 $0.00 $14,742,671.70

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (Boynton Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-03T03:09:01.000Z

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