101 NW 3rd St — Sale in Boca Raton, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Boca Raton, FL 33432
  • Year built: 1960

Description

Marcus & Millichap is pleased to exclusively present 101 NW 3rd St, a ±4,200-square-foot freestanding commercial building located in the downtown core of Boca Raton, Florida, just west of North Dixie Highway (US-1). The property sits on a 0.32-acre parcel and will be delivered 100% vacant, offering immediate flexibility for an owner-user or investor. Within walking distance of Downtown Boca Raton and the Boca Raton Brightline station, the site carries a Walk Score of 91, reflecting exceptional pedestrian access to nearby amenities, dining, and regional transit. The building is currently occupied by an auto-body shop and features seven grade-level bay doors of varying sizes and approximately 12 feet of clear height, allowing for vehicle access, storage, or functional workspace. The layout supports a range of uses, including professional office, flex, or specialty service oriented space, as well as a private workshop, collector car storage, or club-style environment. The property also includes a secured outdoor lot, providing additional space for vehicle storage, equipment, or gated parking. Located near Mizner Park and the new Boca Raton municipal campus currently under development, the surrounding district continues to benefit from public and private investment, strengthening long-term positioning and demand drivers. The combination of vacant delivery, infill location, proximity to US-1, and flexible usability positions 101 NW 3rd St as a compelling and differentiated owner-user or investment opportunity within Boca Raton’s supply-constrained urban core. Investment Highlights: • Vacant, Freestanding Building: ±4,200-square-foot freestanding asset delivered 100% vacant, allowing immediate owner-user occupancy or full customization without tenant restrictions. • Functional Building Specifications: Features seven (7) grade-level bay doors and approximately 12 feet of clear height, supporting vehicle access, storage, and flexible interior configurations. • Located with

Market Context

This industrial in Boca Raton, FL is listed for sale. The building dates to 1960. It has been on the market for 100 days. Compare it against other industrial listings for sale in Boca Raton, FL — view the full market.

As of Q1 2026, the Palm Beach industrial market showed an 8.1% vacancy rate, average asking rents near $13.39/SF/yr, and cap rates around 6.7%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Palm Beach?
About 6.7% as of Q1 2026, per multiple brokerage reports.
Is the Palm Beach industrial market tightening or softening?
Vacancy is around 8.1% (Q1 2026).

Estimated Market Rate

$293.22/SF – $396.72/SF

Mid: $344.97/SF

Rate estimator only; cost-of-business estimate unavailable.

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