5611489 W Palmetto Park Road 0050, Boca Raton, FL 33486
$3,200,000
Property Type:
Commercial Sale
Square Footage:
24,328
Lot Size (sq. ft.):
87,120
Status:
Closed
Current Price:
$3,200,000
List Date:
6/21/2018
Last Modified:
1/13/2026
Description
Unique Investment Opportunity. 24,328 sf 5th floor condo - fee simple sale of 5th (top) Floor only in a 5-story office building. Subject to condo association as established to maintain the common elements of the building. Vacant corner (2400 sf) available with plans available to build exquisite, modern executive offices... Or build custom headquarters.
More Information MLS# R10413649
Contract Information
Comp Sale YN: No
Owner Phone: 561-445-1550
Listing Contract Date: 2018-03-13
Status: Closed
Original List Price: 5999999
Sold Price: $3,200,000
Current Price: $3,200,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Code: 33486
Geographic Area: PB02
Property Description: Office space
Street Number: 1489
Street Direction Prefix: W
Street Name: Palmetto Park
Street Suffix: Road
Unit Number: 0050
State Or Province: FL
Area: 4280
Parcel Number: 06424724380005000
Zoning: RB1(ci
Directions: I-95 at W Palmetto Park Road. Go north of Interstate Plaza (shared entrance) and continue up ramp. Parking on P2 garage level. Take central garage elevator from P2 garage level up to 5th floor.
General Property Information
Lot Size Area: 87120
Stories: 5
Property Sub Type: Office
Building Area Main: 24328
Building Area Source: Plans
Year Built: 1992
Lot Size Acres: 2
Currently Not Used
Number Of Units Total: 20
Remarks and Miscellaneous
Public Historical Remarks: Miscellaneous: Y, Miscellaneous Information: Y
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2018-12-13T18:32:04Z
Major Change Type: Status Change
Price Change Timestamp: 2018-06-25T16:45:43Z
Status Change Date: 2018-12-13
Under Contract Date: 2018-11-12
Close Date: 2018-12-05
Close Price: 3200000
Electric
110 Volts: 1
Flooring
Carpet: 1
Other: 1
Property Condition
New Construction: 1
Structure Type
Office: 1
Tenant Pays
Cable TV: 1
Common Area Maintenance: 1
Electricity: 1
Maintenance: 1
Location of Property
City Location: 1
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Special Information
Corporate Owned: 1
Zoning Information
Use Conforms To Zoning: 1
Building and Property Details
# Of Offices: 20
# Of Tenants: 12
# Of Toilets: 10
% Air Conditioned: 100
Interior Ceiling Height: 8
Maximum Ceiling Height: 8.6
Building Features
Elevator(s): 1
Fenced Area: 1
Freight Elevator(s): 1
Janitorial Service: 1
Kitchen Facilities: 1
Lobby: 1
Manager On Premises: 1
Meeting Room(s): 1
Public Restroom(s): 1
Wired for Computers: 1
Business Type
Professional/Office: 1
Residential: 1
Ceiling
Acoustic: 1
Ceiling Height Varies: 1
Exposed: 1
Common Area Maintenance Includes
Exterior Electric: 1
Exterior Maintenance: 1
Grounds/Plants: 1
Lawn Care: 1
Outside Insurance: 1
Sewer: 1
Distance To Information
Miles to Beach: 15
Heating
Central: 1
Sprinkler Description
Other Sprinkler: 1
Construction Materials
CBS: 1
Listing Terms
Lease Option: 1
Lot Features
Landscaped: 1
Roof
Tar/Gravel: 1
Other: 1
Security Features
Closed Circuit Camera(s): 1
Entry - Phone/Intercom: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Lobby - Attended: 1
Security Fence: 1
Security Lights: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Real Estate Taxes: 63000
Vacancy Allowance Rate: 15
Source Of Expenses
Other: 1
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Alarm System: 1
Appointment Only: 1
Call Listing Agent: 1
Call Listing Office: 1
Call Owner: 1
Listing Agent Must Accompany: 1
Occupied: 1
Text Listing Agent: 1
Vacant: 1
Traffic Type
Light: 1
Contingencies
Inspection: 1
Price Calculations
Current Price To SqFt: 131.53
Original List Price To Close Price: 1.87
Financial Information
Tax Annual Amount: 68135.7
Tax Year: 2017
Tax Legal Description: TRANSFLORIDA BANK CENTRE COND FLOOR 5
Originating Details
Originating System Key: 20180313160738728939000000
Originating System ID: M00000170
Property Features
Building Features: Elevator(s); Fenced Area; Freight Elevator(s); Janitorial Service; Kitchen Facilities; Lobby; Manager On Premises; Meeting Room(s); Public Restroom(s); Wired for Computers
Business Type: Professional/Office; Residential
Ceiling: Acoustic; Ceiling Height Varies; Exposed
Common Area Maintenance Includes: Exterior Electric; Exterior Maintenance; Grounds/Plants; Lawn Care; Outside Insurance; Sewer
Electric: 110 Volts
Flooring: Carpet; Other
Heating: Central
Location of Property: City Location
Possession: Subject To Tenant Rights
Property Condition: New Construction
Sprinkler Description: Other Sprinkler
Zoning Information: Use Conforms To Zoning
Source Of Expenses: Other
Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Maintenance
Construction Materials: CBS
Cooling: Central Air
Listing Terms: Lease Option
Lot Features: Landscaped
Traffic Type: Light
Roof: Tar/Gravel; Other
Security Features: Closed Circuit Camera(s); Entry - Phone/Intercom; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security Fence; Security Lights; Smoke Detector(s)
Sewer: Public Sewer
Special Information: Corporate Owned
Structure Type: Office
Water Source: Public
Showing Requirements: 24 Hour Notice; Alarm System; Appointment Only; Call Listing Agent; Call Listing Office; Call Owner; Listing Agent Must Accompany; Occupied; Text Listing Agent; Vacant
Contingencies: Inspection
Listing Office:
Platinum Property Management & Realty Inc
Last Updated: January - 13 - 2026
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