EOD Properties has acquired a freestanding commercial building at 3500 N. Federal Highway in Boca Raton for $5.25 million. The company plans to renovate the property and reposition it for a new commercial tenant.
The building covers about 8,950 square feet on North Federal Highway, one of the city’s main commercial corridors. The site offers visibility to passing traffic and easy access to nearby residential and business areas.
The new owner is starting with an exterior modernization. Planned work includes an updated color scheme, contemporary design elements, refreshed landscaping and other outside improvements.
“Our goal is to create an attractive, highly visible commercial property that offers a business the opportunity to establish a strong presence in Boca Raton,” said Rob Buehl of EOD Properties.
The property is being marketed for lease to businesses that want a freestanding location. Its size and layout could suit a range of uses, subject to zoning and municipal approvals. Businesses, brokers and prospective tenants should contact ownership directly, according to the announcement, which points to a dedicated property website for leasing details.
EOD Properties describes itself as a commercial real estate ownership and investment company that acquires, improves and manages properties.
