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3495 N Seacrest Blvd

$3,500,000

3495 N Seacrest Blvd, Ocean Ridge, FL 33435

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Last Updated: 06/21/2025
 
 
Highlights:
  • Lot Features: City Location, 2.5-5 Acres
Description:

Motivated Seller. Quick Closing is Preferred! Prime, shovel-ready land available with seamless I-95 access via Hypoluxo Road to the north and Gateway Boulevard to the south. Located along the bustling N Seacrest Boulevard, this site offers a strategic position in Boynton Beach, adjacent to Palm Beach Memorial Gardens and a Sam's Club at the Seacrest and Hypoluxo intersection. Approved site plans are in place for a 58-unit multifamily development, featuring five two- and three-story buildings. The surrounding area is predominantly single-family and low-density multi-family residences, making this an ideal setting for residential growth. Investors have the option to implement the approved multifamily plan or explore alternative development concepts tailored to market demands.

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Today's Available Mortgage Rates

3495 N Seacrest Blvd, Ocean Ridge, Florida 33435

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/20/2025
Agency*Lender #591
5 Year Fixed
30 Year Amortization
Interest rate 5.73% 5 Year Fixed
Mo. Payment$10,802 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $10,000 Lender fees
Loan Amount $1,855,000 Loan Amount
Details
Agency*Lender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.92% 7 Year Fixed
Mo. Payment$9,362 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,575,000 Loan Amount
Details
Agency*Lender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.98% 10 Year Fixed
Mo. Payment$9,213 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 44% LTV $10,000 Lender fees
Loan Amount $1,540,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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