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1600 S DIXIE Highway BLDG&CONDOS, Boca Raton, FL 33432

$2,000,000

Property Type: Commercial Sale Square Footage: 27,579 Status: Closed

Current Price: $2,000,000 List Date: 4/09/2008 Last Modified: 5/23/2026

Overview

Description

LIMITED TIME OFFER ONLY. PRICE REDUCED FOR QUICK SALE. UNIQUE OPPORTUNITY TO OWN MAJORITY OF OFFICE CONDOS IN THREE PRIME OFFICE BUILIDNGS IN EAST BOCA RATON FOR ONLY $2,500,000. ENTIRE HOLDING OF OFFICE CONDOS, MEASURING APX 27,579 SF, FOR SALE FOR ONLY $2,500,000; GREAT LOCATION OPPOSITE ROYAL PALM YACHT & COUNTRY CLUB (LISTED ON FORBES.COM AS MOST EXPENSIVE GATED COMMUNITY IN AMERICA); PERFECT FOR OWNER-USERS AND/OR INVESTORS; TREMENDOUS UPSIDE POTENTIAL AS CURRENT RENT IS BELOW MARKET; MEDICAL USES MAY BE POSSIBLE WITH NECESSARY APPROVALS; ASSUMABLE FINANCING AND/OR SELLER FINANCING WILL BE CONSIDERED.

Listing Details MLS# R2914536

General Property Information

Building Area Main: 27579
Year Built: 1983
Stories: 5

Property Features

Business Type: Commercial; Professional/Office; Residential Documents Available: Books & Records; Bylaws & Documents; Copy Of Lease(s); Deed; Owner Managed Electric: Separate Meters Flooring: Carpet; Ceramic Tile Heating: Central; Electric Location of Property: Beach Access; Central Business District; City Location; County Location Possession: Close Of Escrow; Negotiable Property Condition: Resale Sale Includes: Building; Fixtures; Land; Machinery; Signs Source Of Expenses: Owner Provided Cooling: Central Air Listing Terms: Assumable; Cash; Conventional; Owner May Carry; Owner Will Carry Roof: Other Security Features: Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Special Information: City Jurisdiction; Deed Restrictions Structure Type: Office Water Source: Public Showing Requirements: Appointment Only; Occupied

Contract Information

Comp Sale YN: No
Original List Price: 8000000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1600
Street Direction Prefix: S
Street Name: DIXIE
Street Suffix: Highway
Unit Number: BLDG&CONDOS
City Name: Boca Raton
State Or Province: FL
Postal Code: 33432
Area: 4270
Geographic Area: PB02
Parcel Number: 06434731120030011
Zoning: OFFICE
Directions: EAST SIDE OF DIXIE HWY, S OF CAMINO REAL, W OF ROYAL PALM YACHT & CC
Property Description: ROYAL PALM TOWERS PR

Financial Information

Tax Annual Amount: 100000
Tax Year: 2007
Tax Legal Description: Royal Palm Towers Condo Lot: Blk: Lot SqFt: Frontage: Depth:

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y

More Information

Status Change Information

Major Change Timestamp: 2008-11-18T19:22:00Z
Major Change Type: Price Change
Price Change Timestamp: 2008-11-18T19:22:00Z
Status Change Date: 2009-03-21
Under Contract Date: 2008-12-02
Close Date: 2009-03-20
Close Price: 2000000
Buyer Financing: Assumed

Building and Property Details

# Of Tenants: 50
# Of Toilets: 11
% Air Conditioned: 100
Maximum Ceiling Height: 12

Distance To Information

Miles to Beach: 5
Miles to Expressway: 5

Meter Information

Number Of Meters Total: 11

Income and Expenses

Insurance Expense: 25000
Maintenance Expense: 10000
Net Operating Income: 560000
Operating Expense: 185000
Other Expense: 20000
Professional Management Expense: 10000
Utilities Expense: 5000
Vacancy Allowance Rate: 10

Price Calculations

Current Price To SqFt: 72.51
Original List Price To Close Price: 4

Originating Details

Originating System Key: 20130215221608444683000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Books & Records: Yes
Bylaws & Documents: Yes
Copy Of Lease(s): Yes
Deed: Yes
Owner Managed: Yes

Structure Type

Office: Yes

Location of Property

Beach Access: Yes
Central Business District: Yes
City Location: Yes
County Location: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Special Information

City Jurisdiction: Yes
Deed Restrictions: Yes

Business Type

Commercial: Yes
Professional/Office: Yes
Residential: Yes

Heating

Central: Yes
Electric: Yes

Sale Includes

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

Listing Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
Owner May Carry: Yes
Owner Will Carry: Yes

Roof

Other: Yes

Security Features

Fire Alarm: Yes
Fire Sprinkler System: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Occupied: Yes

Listing Office: West Real Estate Inc.

Last Updated: May - 23 - 2026

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