2505 NW 2nd Avenue, Boca Raton, FL 33431

Overview

Description

Unique opportunity to invest in and/or occupy a boutique office building in East Boca Raton, FL. Strategically located between Glades and Yamato Roads. The existing design and floorplans work well for general office, legal & financial services, or could easily be redesigned. Offering elevator access from the covered garage, it has 27 parking spaces (4/1,000 parking ratio). Boca Raton zoning is B-1 Commercial. The building has hurricane windows and a new roof. The interior lobby and offices offer abundant natural light. The gross building area is approximately 7,100 SF with 3 demised office suites. The 2nd floor suites sizes are 4,760 SF and 1,200 SF. The first floor is 1,200 SF. The terms of the leases in place are flexible creating the unique opportunity to occupy all or a portion.

Supplements: The property has excellent curb appeal, easy ingress/egress, and prominent signage to increase visibility and branding for any business. The design creates and inviting atmosphere for tenants and clients alike.

General Property Information

Property Sub Type: Office
Number Of Units Total: 3
Building Area Main: 6642
Building Area Source: Public Records
Year Built: 1990
Lot Size Area: 17859.6
Lot Size Acres: 0.41
Stories: 2

Property Features

Building Features: Elevator(s); Free Standing; Lobby; Meeting Room(s); Private Restroom(s); Reception Area Business Type: Professional/Office Documents Available: Existing Survey Electric: Separate Meters; Three Phase Flooring: Carpet; Ceramic Tile Heating: Central Location of Property: City Location Possession: Close Of Escrow; Negotiable Property Condition: Resale Sale Includes: Building; Fixtures; Land; Signs Tenant Pays: Electricity; Insurance Construction Materials: CBS; Concrete Cooling: Ceiling Fan(s); Central Air Listing Terms: Cash Roof: Built-Up Security Features: Security System; Security System Owned; None Sewer: Public Sewer Special Information: City Jurisdiction; Corporate Owned Structure Type: Office Water Source: Public Showing Requirements: Call Listing Agent Contingencies: Financing; Inspection

Contract Information

Comp Sale YN: No
Original List Price: 3590000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 2505
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
City Name: Boca Raton
State Or Province: FL
Postal Code: 33431
Area: 4250
Geographic Area: PB02
Parcel Number: 06434707020220370
Zoning: B1(cit
Directions: Federal Highway to NE 20th Street west to NW 2 Ave turn right five blocks to building on the left (west side)
Property Description: Office building

Financial Information

Tax Annual Amount: 30782.9
Tax Year: 2024
Tax Legal Description: BOCA RATON HILLS SEC 3 ELY 160 FT OF TH PT OF LT 22 LYG SWLY OF NW 3RD AVE BEING NOT INCLUDED PAR IN PB31P204 AS IN OR5

Status Change Information

Major Change Timestamp: 2025-07-22T20:59:08Z
Major Change Type: Status Change
Price Change Timestamp: 2025-05-02T16:46:21Z
Status Change Date: 2025-07-22
Under Contract Date: 2025-05-23
Close Date: 2025-07-21
Close Price: 2790000
Buyer Financing: Conventional

More Information

Building and Property Details

# Of Offices: 17
# Of Toilets: 3
% Air Conditioned: 92.77
Maximum Ceiling Height: 14

Contributions

Buyer Contributions: No

Price Calculations

Current Price To SqFt: 420.05
Original List Price To Close Price: 1.28

Originating Details

Originating System Key: 20250311160751726120000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes
Three Phase: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Existing Survey: Yes
Photos: Yes

Structure Type

Office: Yes

Tenant Pays

Electricity: Yes
Insurance: Yes

Location of Property

City Location: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Special Information

City Jurisdiction: Yes
Corporate Owned: Yes

Building Features

Elevator(s): Yes
Free Standing: Yes
Lobby: Yes
Meeting Room(s): Yes
Private Restroom(s): Yes
Reception Area: Yes

Business Type

Professional/Office: Yes

Heating

Central: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Land: Yes
Signs: Yes

Construction Materials

CBS: Yes
Concrete: Yes

Listing Terms

Cash: Yes

Roof

Built-Up: Yes

Security Features

Security System: Yes
Security System Owned: Yes
None: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

Call Listing Agent: Yes

Contingencies

Financing: Yes
Inspection: Yes