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214 SW 2nd Ave
Boca Raton, FL 33432
Asking Price
$2.10M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.49 acres <ul><li>Rare Opportunity - Prime Downtown East Boca Development Site</li><li>R-3 Zoning Permits: school development ±13,000 sq ft, four (4) single family homes or four (4) multi-family townhouses</li><li>Shovel Ready Location in High-Growth Corridor</li><li>Walking Distance to Brightline, Mizner Park, and Beaches</li><li>Preliminary Site Plan concepts are available upon request</li><li>Sale Price: $2,100,000</li></ul>
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NOI
$80,000
Cap Rate
3.81%
DSCR
0.64
Underwater
Cash-on-Cash
-7.09%
Monthly Payment
$10,389.654
Annual Cash Flow
$-44,675.85
