1650 S Dixie Hwy - Medical CONDO FOR SALE


Boca Raton, FL 33432- Downtown Boca Raton
$720,000 USD
754-300-5399
1650 S Dixie Hwy, Boca Raton, FL for Sale
$720,000 USD
Medical CONDO - FOR SALE
1/15
null | Request Cap Rate

1650 S Dixie Hwy
Boca Raton, FL 33432
Downtown Boca Raton


HIGHLIGHTS

  • Seller financing creates additional accessibility for buyers, improving overall investment performance by reducing initial financing barriers.
  • Existing tenants with leases extending through 2026 and 2027 provide a reliable cash flow, giving buyers a stable income stream from day one.
  • Recent renovations to flooring, lighting, and finishes reduce upfront capital needs and help support strong tenant satisfaction and retention.
  • Flexible long-term options enable an investor to maintain leased offices for steady returns or gradually transition the space toward owner-occupancy.

OVERVIEW

Units 303-305 at 1700 S Dixie Highway in Boca Raton offer a rare medical condo opportunity within Royal Palm Towers. Organized into seven offices, the 2,098-square-foot space is supported by a central waiting area and two restrooms, making it suitable for various professional uses, including those in the service and medical fields. Recent improvements to flooring, lighting, and interior finishes have created a clean and updated environment for clients and practitioners. Currently tenant-occupied with leases running through 2026 and 2027, buyers can seamlessly step into an income-producing asset. Options exist to maintain the investment approach as suites become available or transition the space for owner use over time. Seller financing is available. Location advantages strengthen the long-term value of the property. Positioned near the Palm Beach and Broward County line, the surrounding area comprises approximately 25,300 households with an average income of around $119,000, resulting in nearly $870 million in total consumer spending within a 2-mile radius. Proximity to Mizner Park, the Boca Raton Brightline station, restaurants, retailers, and fitness centers adds convenience, while near-direct access to US Highway 1 and a 10-minute connection to Interstate 95 support effortless regional commuting.

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Palm Tower II

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

14,318 SF

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.43 AC

LAND SF

149,411 SF

ZONING

POI, Boca Raton

APN/PARCEL ID

06-43-47-31-12-002-0011,06-43-47-31-12-002-0012,06-43-47-31-12-002-0013,06-43-47-31-12-002-0021,06-43-47-31-12-002-0022,06-43-47-31-12-002-0023,06-43-47-31-12-002-0031,06-43-47-31-12-002-0033,06-43-47-31-12-002-0041,06-43-47-31-12-002-0051

ASK ABOUT THIS PROPERTY

Jennafer BelabinThe Geneva GroupMore Info
754-300-5399

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Jennafer BelabinThe Geneva GroupMore Info
754-300-5399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.