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Building Description
Elegance Plaza has excellent frontage along N Federal Highway! Located in a high traffic area and in close proximity to numerous oceanfront high-rise condominiums and residential developments. In close proximity to the intersection of NE Spanish River Blvd and N Federal Hwy, with a traffic count of 38,234. Visible pylon signage available.
Pylon Sign
Approved Uses by Zoning — R-B-1 Motel-Business (RB1)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Small luxury/exotic car showroom, ≤6 cars, ≤5,000 sf, no service, Boutique auto broker / dealer office with enclosed showroom, Classic / collector car gallery (enclosed, no repair), City hall annex, municipal office or civic building, Police station / substation, Fire station / fire-rescue facility, Public park / greenspace, Public playground or ballfield, Public community/recreation center (city-operated), Public tennis or pickleball courts (city-operated), Municipal water or sewer pump station / lift station, Stormwater management facility (city-owned)
With special approval
Hotel, Motel / motor lodge, Boutique hotel, Extended-stay / all-suites hotel, Apartment hotel / aparthotel, Tourist home / guest house / bed and breakfast, Resort inn, Restaurant with a dance floor or dancing area, Supper club / dinner-and-dancing venue, Latin dance / salsa restaurant venue, Bar / tavern / pub, Nightclub / lounge, Cocktail lounge / craft cocktail bar, Sports bar, Wine bar / tasting room (on-premises consumption), Beer garden / taproom (on-premises consumption, no production), Rooftop / hotel bar, New car agency / new car dealership, Automobile dealership showroom exceeding § 28-1302 by-right limits, Carwash (full-service), Express / tunnel carwash, Automatic drive-through carwash, Auto detailing in conjunction with a carwash, Substance abuse treatment facility, Drug and alcohol rehabilitation center, Detox / residential recovery facility, Intensive outpatient (IOP) addiction treatment program, Sober living / recovery residence (treatment-affiliated), Restaurant without dance floor (sit-down), Cafe / coffee shop, Multi-family apartment building, Condominium / residential dwelling units, Business or professional office, Medical or dental office, Retail store / shop, Hair salon / barbershop, Nail salon / day spa, Bank or financial institution branch
Nearby: 18,400 · END OF BRIDGE 860594 | 5,900 · NW BOCA RATON BLVD/N
Neighborhood Demographics · Census Tract 007302
Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
5,570
Population
$78,938
Median Household Income
52
Median Age
2,341
Households
$443,800
Median Home Value
Household Income of 2,341 households
<$50k801 34%
$50–100k434 19%
$100–150k603 26%
$150k+503 21%
Age of 5,570 residents
Under 18927 17%
18–341,086 19%
35–54960 17%
55–641,407 25%
65+1,190 21%
Frontage Traffic vs. Palm Beach County's Busiest Roads
This property fronts Federal Hwy. Below, its measured daily traffic (FDOT count) is compared to five of the county's busiest roads — I‑95, Florida Turnpike, Okeechobee Blvd, US‑1/Federal Hwy, and Military Trail (approximate peak AADT) — to show how much exposure the location gets.
30,000vehicles / day on Federal Hwy (AADT)
I‑95 (interstate)255,000
Florida Turnpike95,000
Okeechobee Blvd62,000
US‑1 / Federal Hwy46,000
Military Trail40,000
◆ Federal Hwy30,000
This frontage carries about 12% of I‑95's volume — solid commercial‑corridor traffic. County roads shown are approximate peak AADT.
FDOT count stations on Federal Hwy 30,000 AADT (2025) 18,400 AADT between END OF BRIDGE 860594 and SR-794/YAMATO RD (2025) 5,900 AADT between NW BOCA RATON BLVD/N and N DIXIE HWY (2025)
Risk & Incentives
🌊 Flood Zone X · minimal✓ Not in Flood HazardNot an Opportunity Zone
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Lease Rate
$40.00 /SF/YR
Listing Courtesy of Investments Limited
DT
Daron Tersakyan
Investments Limited
Inquire about this property
Key highlights
Great visibility along N Federal Hwy.
Close proximity to I-95, Boca Raton Airport, and FAU.
Walking distance to hotels, restaurants, and retailers.
Extended Unit Specifications
Suite1st Floor, Ste 7
AvailableNow
Clear Height—
Drive-In Bays—
Dock-High Bays—
Office SF—
Restrooms—
Parking Ratio—
Op. Expenses—
Appraiser Data
Parcel Control No.06434717000001090
Building UseSTRIP SHOPPING
DOR Use Code1100 — STORES
MunicipalityBOCA RATON
Assessed Value$7,116,736
Land Value$3,035,512
Improvement Value$4,004,860
Total Taxable Value$7,087,260
Land UseSTORES
Legal Description
17-47-43, W 190 FT OF S 400.40
Sale History
Sale 1$100 · 12/2000
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI)21.1 mi
Ft. Lauderdale (FLL)21.6 mi
Miami Intl (MIA)42.3 mi
⚓ Seaports
Port of Palm Beach27.7 mi
Port Everglades20.5 mi
PortMiami42.1 mi
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