Boynton Beach CRA & OZ Redevelopment Assemblage
Strategic Boynton Beach CRA Redevelopment Opportunity
Marketing description
Federal Highway Redevelopment Assemblage – Downtown Boynton Beach CRA District
This is a rare and highly strategic opportunity to acquire a seven-parcel assemblage totaling approximately 1.24 acres in the heart of Downtown Boynton Beach, directly within the boundaries of the Boynton Beach Community Redevelopment Agency (CRA) and specifically designated in the Federal Highway District Opportunity Zone. With robust city-backed incentives, significant redevelopment momentum, and built-in cash flow, this offering presents a compelling value proposition for both developers and investors.
The assemblage consists of seven contiguous and adjacent parcels improved with freestanding commercial structures, all currently leased to a mix of local operators including restaurant, bar, arcade, salon, and office users. Combined, the site generates approximately $320,000 in gross annual income, providing a stable stream of revenue that can effectively carry the asset through the predevelopment, entitlement, and approval phases. While a few leases may require negotiation or early termination to allow for redevelopment, most tenants have expressed a willingness to cooperate or vacate, offering a flexible path forward for a buyer ready to move into design and planning.
The subject properties fall under the CBD (Central Business District) zoning designation and are located within the Federal Highway subdistrict of the Boynton Beach CRA. This area is specifically targeted for high-density, mixed-use urban development, with an emphasis on walkability, architectural character, and activation of the public realm. The zoning and CRA overlay allow for a variety of uses including multifamily residential, retail, restaurants, office, boutique hospitality, cultural or entertainment space, and live/work configurations. Developers may benefit from reduced parking requirements, density bonuses, and accelerated permitting timelines, all designed to incentivize quality redevelopment projects that align with the city’s vision for a vibrant, connected downtown.
In addition to the significant benefits provided by the CRA, including eligibility for tax increment financing (TIF), predevelopment grants, and potential infrastructure reimbursements, the site itself is ideally positioned. Situated along the highly visible and heavily trafficked Federal Highway corridor, the assemblage offers direct access to I-95, the Intracoastal Waterway, beaches, and a rapidly growing residential base. The surrounding district is undergoing a dramatic transformation with millions of dollars in public investment and private development already underway.
Notably, there is also a possibility to acquire an additional adjacent parcel not currently included in the offered assemblage, allowing for even greater scale, frontage, and design flexibility for a buyer looking to make a lasting mark on Downtown Boynton Beach.
This is a rare opportunity to secure a footprint of meaningful size in one of Palm Beach County’s fastest-growing urban markets, with the upside of future development and the immediate benefit of income-generating leases. Whether your vision includes vertical mixed-use towers, boutique infill development, or a flagship destination that defines the new downtown, this offering provides the flexibility, support, and location to bring it to life.
Additional financials, leases, and site materials available upon request.
All reasonable terms and timelines considered. Serious inquiries from qualified buyers are encouraged. Brokers Protected.
See the Full Listing Here: https://gocommercial.com/properties/listing/Beaches/R11139979/511-NE-4th-Street-Boynton-Beach-FL-
Investment highlights
Located Within a Federal Opportunity Zone — This assemblage sits within a designated Opportunity Zone, offering qualified investors the potential to defer, reduce, and even eliminate capital gains taxes through eligible redevelopment. Combined with the site’s CRA incentives and CBD zoning, the Opportunity Zone status adds a powerful layer of tax-advantaged upside for long-term investment and value creation.
Rare Remaining Development Parcel in Prime Location — A contiguous 7‑parcel assemblage totaling approximately 1.10 acres in the heart of downtown Boynton Beach along the high‑visibility corridor of Federal Highway, offering a rare large‑footprint urban infill site.
Highly Flexible Zoning & CRA Support — Located within the city’s CBD (Central Business District) zoning and within the Boynton Beach Community Redevelopment Agency (CRA) Federal Highway sub‑district, enabling a broad array of uses (residential, retail, hospitality, mixed‑use) with entitlement upside and density/back‑parking advantages.
Cash‑Flowing Asset During Entitlement — Existing improvements generate approximately $320,000 in annual gross income, providing carry‑through cash flow during design, entitlement and redevelopment phases.
Robust Public‑Private Partnership Backing — The CRA is actively investing in redevelopment in this sub‑market via tax increment financing, land acquisition, infrastructure and grant programs, reducing project risk and accelerating timelines.
Unparalleled Timing in a Momentum‑Rich Corridor — The site sits amidst a pipeline of major developments (e.g., Ocean One, The Villages) that validate both demand and agency support, making this one of the last large‑scale development opportunities in the east side of downtown Boynton.
Strategic Redevelopment Optionality — Buyer has the flexibility to hold for income, reposition existing buildings, or pursue full redevelopment. With most tenants cooperative about relocation if needed, the site offers both immediate yield and long‑term value creation.
Flexible Deal Structure & Incentive Transparency — Ownership is open to all reasonable offers, terms, and closing timelines, including creative structures that allow qualified buyers to fully explore CRA development incentives. Serious investors are encouraged to engage early to align acquisition terms with entitlement strategies, predevelopment timelines, and potential CRA funding opportunities.
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