This Land Property is For Sale.

301 SE 1st Ave
Delray Beach, FL 33444 ·

1.54 AC · Land For Sale

$4,500,000

·

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1.5 Acres 45 Unit Approved Site Downtown Delray

Price $4,500,000 Property Use Type Vacant/Owner-User
Lot Size 1.54 AC Zoning Description CBD - Central Business District
Property Type Land Features
  • Electricity/Power - FPL
  • Irrigation - City of Delray Beach
  • Water - City of Delray Beach
  • Telephone - ATT / Comcast
  • Cable - ATT / Comcast
  • Gas/Propane - FPU
Property Sub-type
Multifamily (land)
More...
  • Congregate Senior Housing
Find out more...
Listing ID: 19943564 Date Created: 08/28/2016 Last Updated: 07/17/2017

1 Lot Available

Lot 1

Price $4,500,000 Lot Type Multifamily (land)
Lot Size 1.54 AC APN / Parcel ID 12-43-46-16-B8-080-0011
Price/AC $2,922,077.99 Commission Split 3%

Fully entitled parcel with all utilities brought to site. Largest available site within 3 blocks of Atlantic Ave.

Description

Fully entitled site for 45 Multi-Family units and 5,000 square feet of office space. Can also be a 150+ bed Senior housing facility. Largest parcel available South of Atlantic with all approvals in place. Just finalized platting the property.

3 short blocks south of trendy Atlantic Ave in Downtown Delray Beach. This is the hottest Multi-Family area where The Related Group just sold Sofa I & Sofa II for $62.4M ($362,790 / unit) realizing a $20M profit. Behringer Harvard is completing a 146 unit multi-family community. Samar Hospitality is breaking ground on a 122 room hotel and banquet facility along with 35 condo units and 6,000 square feet of retail.

Highlights

  • Approved site for 45 Multi-Family units and 5,000 SF Office
  • East of Swinton Ave 3 blocks south of Atlantic Ave
  • Steps from the hottest street north of Lincoln Road
  • Can also be developed as 150 bed senior facility
  • NY Post calls Downtown Delray the South Florida's emerging "it' town
  • Wallstreet Journal, New York Times, Southern Living, SFBJ all have written about Downtown Delray

Utilities

  • Electricity/Power - FPL
  • Irrigation - City of Delray Beach
  • Water - City of Delray Beach
  • Telephone - ATT / Comcast
  • Cable - ATT / Comcast
  • Gas/Propane - FPU

Research

301 SE 1st Ave, Delray Beach, FL 33444 (Palm Beach County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Delray Beach Market Trends - Asking price index trends, sale price trends, asking rent trends

Demographics - Review demographics in this neighborhood

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