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1489 W Palmetto Park Road 0050, Boca Raton, FL 33486

$3,200,000

Property Type: Commercial Sale Square Footage: 24,328 Status: Closed

Current Price: $3,200,000 List Date: 6/21/2018 Last Modified: 1/13/2026

Overview

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.

Listing Details MLS# R10413649

General Property Information

Property Sub Type: Office
Number Of Units Total: 20
Building Area Main: 24328
Building Area Source: Plans
Year Built: 1992
Lot Size Area: 87120
Lot Size Acres: 2
Stories: 5

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 Owner; Listing Agent Must Accompany; Occupied; Text Listing Agent Contingencies: Inspection

Contract Information

Comp Sale YN: No
Original List Price: 5999999
Owner Phone: 561-445-1550

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1489
Street Direction Prefix: W
Street Name: Palmetto Park
Street Suffix: Road
Unit Number: 0050
City Name: Boca Raton
State Or Province: FL
Postal Code: 33486
Area: 4280
Geographic Area: PB02
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.
Property Description: Office space

Financial Information

Tax Annual Amount: 68135.7
Tax Year: 2017
Tax Legal Description: TRANSFLORIDA BANK CENTRE COND FLOOR 5

Remarks and Miscellaneous

Public Historical Remarks: Miscellaneous: Y, Miscellaneous Information: Y

More Information

Status Change Information

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
Buyer Financing: Cash

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

Distance To Information

Miles to Beach: 15

Income and Expenses

Real Estate Taxes: 63000
Vacancy Allowance Rate: 15

Price Calculations

Current Price To SqFt: 131.53
Original List Price To Close Price: 1.87

Originating Details

Originating System Key: 20180313160738728939000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

110 Volts: Yes

Flooring

Carpet: Yes
Other: Yes

Property Condition

New Construction: Yes

Structure Type

Office: Yes

Tenant Pays

Cable TV: Yes
Common Area Maintenance: Yes
Electricity: Yes
Maintenance: Yes

Location of Property

City Location: Yes

Possession

Subject To Tenant Rights: Yes

Sewer

Public Sewer: Yes

Special Information

Corporate Owned: Yes

Zoning Information

Use Conforms To Zoning: Yes

Building Features

Elevator(s): Yes
Fenced Area: Yes
Freight Elevator(s): Yes
Janitorial Service: Yes
Kitchen Facilities: Yes
Lobby: Yes
Manager On Premises: Yes
Meeting Room(s): Yes
Public Restroom(s): Yes
Wired for Computers: Yes

Business Type

Professional/Office: Yes
Residential: Yes

Ceiling

Acoustic: Yes
Ceiling Height Varies: Yes
Exposed: Yes

Common Area Maintenance Includes

Exterior Electric: Yes
Exterior Maintenance: Yes
Grounds/Plants: Yes
Lawn Care: Yes
Outside Insurance: Yes
Sewer: Yes

Heating

Central: Yes

Sprinkler Description

Other Sprinkler: Yes

Construction Materials

CBS: Yes

Listing Terms

Lease Option: Yes

Lot Features

Landscaped: Yes

Roof

Tar/Gravel: Yes
Other: Yes

Security Features

Closed Circuit Camera(s): Yes
Entry - Phone/Intercom: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Lobby - Attended: Yes
Security Fence: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Source Of Expenses

Other: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Alarm System: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Call Owner: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Text Listing Agent: Yes

Traffic Type

Light: Yes

Contingencies

Inspection: Yes

Listing Office: Platinum Property Management & Realty Inc

Last Updated: January - 13 - 2026

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