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Executive Summary
The Tropics of Delray presents a rare, city-approved dual-site development opportunity for 16-unit luxury townhome community at 2400 N Federal Highway. With approvals already secured, developers can move forward with confidence and speed, avoiding lengthy entitlement processes while maintaining the flexibility to execute the existing plans or tailor the projects to meet evolving market preferences. Situated along a high-visibility corridor in one of South Florida’s most desirable and supply-constrained markets, The Tropics of Delray offers a compelling opportunity for immediate value creation and long-term investment upside.
Property Facts
| Price | $7,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.37 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | GC - General Commercial | ||
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.37 AC |
| No. Stories | 1 |
| Zoning | GC - General Commercial |
1 Lot Available
Lot
| Price | $7,000,000 | Lot Size | 1.37 AC |
| Price Per AC | $5,109,489.05 |
| Price | $7,000,000 |
| Price Per AC | $5,109,489.05 |
| Lot Size | 1.37 AC |
Permitted plans for a 16-unit garden flats/condo development at 2400 N Federal Highway
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-43-46-04-30-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,661,411 |
Property Taxes
Parcel Number
12-43-46-04-30-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,661,411
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2400 N Federal Hwy
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