J.P. King Auction Company to Auction One-Acre Development Site in Boca Raton, Fla.

The J.P. King Auction company will be auctioning a one-acre commercial site located on Federal Highway in Boca Raton, Florida. The auction, scheduled for November 16, 2009, at the Hyatt Regency Sarasota, will offer investors the opportunity to purchase a prime development site zoned for either 62 residential units or 3,354 square feet of office space. The property, located in downtown Boca Raton, has been approved for development and is available for preview by appointment only.

Key Takeaways:

• The auction will take place on November 16, 2009, at 10 a.m. at the Hyatt Regency Sarasota in Sarasota Ballroom, Suite C.
• The one-acre commercial site is located on Federal Highway in downtown Boca Raton, Florida, and is zoned for either 62 residential units or 3,354 square feet of office space.
• The property has been approved for development and is available for preview by appointment only.
• J.P. King Auction Co. is the nation's leading real estate auction marketing firm specializing in high-value properties such as luxury homes, land, ranches, and commercial properties.
• The company has marketed upscale properties in 49 states and six countries, with recent sales in Texas, Georgia, Florida, and Tennessee.
• The auction is being conducted through J.P. King's asset division, which serves corporate clients, financial institutions, and government entities in the disposition of strategic assets.

Statistics:

• Location: Federal Highway, downtown Boca Raton, Florida
• Size of the property: One acre
• Zoning: Development District of Regular Impact/Commercial Business District (DDRI/CBD)
• Approved uses: 62 residential units or 3,354 square feet of office space
• Auction date/time: November 16, 2009, 10 a.m.

Sources:

• "J.P. King Auction Company to Auction One-Acre Development Site in Boca Raton, Fla." (prweb.com, November 5, 2009)
• www.prweb.com/releases/2009/11/prweb3166534.htm