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2400 N Federal Hwy 1.3 Acres of Commercial Land Offered at $7,200,000 in Delray Beach, FL 33483
INVESTMENT HIGHLIGHTS
- Approved project offers the potential to create a luxury community featuring 16 sophisticated condos with spacious 2-3 bedroom
- The site plans also feature exceptional resort-style amenities, such as a pool, clubhouse, cabanas, and an outdoor kitchen
- Each condo exceeding 2,500 sq. ft. of elegant living space, some units include private garages with direct unit access
- Currently, the lot is home to the old Badcock Furniture store, in a freestanding building that can remain as a retail space if desired.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $7,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.30 AC |
| No. Lots | 1 | No. Stories | 1 |
| Zoning | GC - General Commercial | ||
| Price | $7,200,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.30 AC |
| No. Stories | 1 |
| Zoning | GC - General Commercial |
1 LOT AVAILABLE
Lot
| Price | $7,200,000 | Lot Size | 1.30 AC |
| Price Per AC | $5,538,461.54 |
| Price | $7,200,000 |
| Price Per AC | $5,538,461.54 |
| Lot Size | 1.30 AC |
Opportunity to create a luxury community of 16 sophisticated condos. These thoughtfully designed residences feature spacious 2-3 bedroom layouts, each exceeding 2,500 sq. ft.
DESCRIPTION
Discover an exceptional investment and redevelopment opportunity just off Federal Highway in the vibrant city of Delray Beach. This approved project offers the potential to create a luxury community featuring 16 sophisticated condos with spacious 2-3 bedroom layouts, each exceeding 2,500 sq. ft. of elegant living space. Select residences include private garages with direct unit access, providing added convenience for future homeowners. The site plans also feature outstanding resort-style amenities, including a pool, clubhouse, cabanas, and an outdoor kitchen, enhancing the appeal of this exclusive community. Currently, the lot is home to the old Badcock Furniture store in a freestanding building that can remain as a retail space if desired. This provides a unique opportunity for investors looking to maintain commercial use or explore redevelopment options. This is the perfect chance to make a lasting impact in Delray Beach. Don’t miss out on this incredible opportunity!
PROPERTY TAXES
| Parcel Number | 12-43-46-04-30-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,568,176 |
PROPERTY TAXES
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2400 N Federal Hwy
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