1022 N Federal Highway, Boynton Beach, FL 33435 (MLS# A11384559)

1022 N Federal Highway, Boynton Beach, FL 33435

$1,000,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11384559

Property Type: Land & Docks Lot Size (sq. ft.): 16,575 Status: Closed

Current Price: $1,000,000 List Date: 5/10/2023 Last Modified: 11/14/2026

Overview

Description

Location Location Location!!!! Commercial Corner Lot Vacant Land on corner of busy Federal and Martin Luther King. This property happens to be located in the "Opportunity ZONE". One of the major benefits afforded by opportunity zones primarily include the permanent exclusion of taxable income on any new capital gains. Very Rare, but it is this property! Zoned C-4 good for Car Wash, Hotel/Motel, Restaurant, Health Facility, Urgent Care, Laundry and many more options to build. Great Opportunity in an up and coming area. Close and conveniently located to Numerous National Retailers such as Publix, Panera, and Wells Fargo Bank to name a few. Seller is motivated and ready to review your offer. Structure on Property is a total knockdown. Price is for the Land only. Call with any questions!

Listing Details MLS# A11384559

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.38
Lot Size Square Feet: 16575
Lot Size Dimensions: 16575
Lot Depth: 125
Lot Frontage: 132
LP/SqFt: 65.88

Property Features

Comprehensive Plan Use: None Current Use: Unimproved Environmental Audit: None Location of Property: City Location Possession: Negotiable Possible Use: Commercial Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Electricity Available; Natural Gas Available Road Frontage Type: County Road Water Source: Public Showing Requirements: Call Listing Agent Contingencies: Inspection

Contract Information

Comp Sale YN: No
Original List Price: 970000
LP/Acre: 2873684.21
LP/Frontage: 8272.73

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1022
Street Direction Prefix: N
Street Name: Federal
Street Suffix: Highway
City Name: Boynton Beach
State Or Province: FL
Postal Code: 33435
Postal Code +4: 3227
Postal Zip: 33435
Subdivision Name: LAKE ADD TO BOYNTON
Area: 4110
Geographic Area: PB11
Parcel Number: 08434521320030200
Subdivision Number: 32
Zoning: C4 (city
Flood Zone: X

Financial Information

Tax Year: 2022
Tax Annual Amount: 10055
Tax Legal Description: LAKE ADD TO BOYNTON LTS 20 THRU 22 (LESS WLY 17 FT FEDERAL HWY R/W) & 20 FT ABND ALLEY LYG E OF & ADJ TO BLK 3

Status Change Information

Major Change Timestamp: 2024-06-01T01:12:03Z
Major Change Type: Status Change
Price Change Timestamp: 2024-02-29T18:19:15Z
Status Change Date: 2024-06-03
Under Contract Date: 2024-03-21
Close Date: 2024-05-31
Close Price: 1000000
Buyer Financing: Cash
SP/Acre: 2631578.95

More Information

Income and Expenses

Inc/Exp Statement Period: 1st

Buyer Details

Intended Use: Unknown/Withheld
Buyer State: Florida
Zip Code: 32071

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0200

Originating Details

Originating System Key: 381810939
Originating System ID: M00000151

Listing Office: LoKation

Last Updated: November - 14 - 2026

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1022 N Federal Highway, Boynton Beach, FL 33435 (MLS# A11384559)