150 Tequesta Drive, Tequesta, FL | $6,100,000

Generational chance to own or develop this hard-corner entrance into the prestigious Village of Tequesta. Positioned on approximately 1. 4 acres, the property features a 6, 100± SF freestanding building (former Bank of America branch) with flexible mixed-use zoning allowing for a variety of office, retail, and commercial uses. An extremely rare opportunity to lease or acquire a standalone building in one of South Florida's most sought-after communities, located prominently at the corner of US Highway 1 and Tequesta Drive. The site offers exceptional visibility, accessibility, and frontage, with approximately 170± feet along US 1 and 315± feet along Tequesta Drive. The flexible zoning creates a unique opportunity for a wide range of users, including financial institutions, medical, professional office, boutique retail, restaurant concepts, wellness, or redevelopment potential. Tequesta has gained significant national attention in recent years, becoming one of the most desirable places to live, work, and invest in the country. Surrounded by affluent coastal communities, such as Jupiter, Jupiter Island, and Hobe Sound, the area continues to experience strong demographic growth, increasing wealth migration, and limited commercial inventory — making opportunities like this exceptionally scarce. Additional assemblage There are additional assemblage opportunities available with adjoining properties, creating the potential for a substantial mixed-use development spanning from US 1 to Old Dixie Highway and from Tequesta Drive to Bridge Road

Features

  • Property Type: Retail
  • Construction: Concrete Block - No Stucco
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Parking: Accessible Parking
  • Levels: 1
  • Heating: Central Building
  • Cooling: Central Building
  • Zoning: M-U (city)
  • Year Built: 2004
  • Acreage: 1.4
  • Est. Taxes: $74,437
  • MLS#: B26033419
  • Website: https://www.raveis.com
    /prop/B26033419/150tequestadrive_tequesta_fl?source=qrflyer
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Listing courtesy of SVN Waterfront Commercial Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

150 Tequesta Drive, Tequesta, FL

$6,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,880,000 $4,880,000 $4,880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.350% 6.361% 6.203%
Monthly Tax Payment $6,203 $6,203 $6,203
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $29,258 $30,047 $41,180
Total Monthly Payment $35,586 $36,375 $47,508

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.