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301-315 NE 2nd Ave
Delray Beach, FL 33444
Downtown Delray Beach Development Opp. · Land For Sale · 1.28 AC

INVESTMENT HIGHLIGHTS

  • Opportunity to Own Irreplaceable Asset in One of the Hottest Markets in the Country
  • Located on Premier Intersection in the Bustling Pineapple Grove Arts District next to The Ray Hotel
  • Short Walk Intercoastal and Atlantic Avenue, Delray Beach's Premier Corridor
  • Prime Redevelopment Opportunity with Flexible Zoning and Ability to Build Up to 54-Feet (4-Stories)
  • Surrounded by Restaurants, Nightlife, Hotels, Art Galleries and Entertainment
  • Short Term Leases with +/- 6-Month Weighted Remaining Average Lease Term

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 1.28 AC
No. Stories 1
Zoning CBD

DESCRIPTION

Pineapple Grove Promenade is located in the Pineapple Grove Arts District of Downtown Delray Beach along the NE corner of NE 3rd St and NE 2nd Ave (Pineapple Grove Way). Pineapple Grove Way is the northern extension of Atlantic Avenue, Delray Beach’s main thoroughfare and home to various restaurants, art galleries, boutique retail stores and festivals. Atlantic Avenue is Delray Beach’s most heavily traveled, pedestrian-friendly street with access to US-1, Interstate 95 and the Florida Turnpike. Surrounded by shops, dinning and nightlife, Pineapple Grove Promenade provides its tenants the ability to enjoy the best of Delray Beach’s “work and play” urban environment. The Property is just a 3-minute walk from the theater and outdoor entertainment at the Old School Square Cultural Arts Center and enjoys the patron traffic from the Hyatt Place and The Ray, two of the most prominent hotels in Delray Beach. The Property is also just a short drive to Palm Beach International Airport and the Port of Palm Beach. Delray Beach consistently receives national recognition as a result of its abundant entertainment offerings and high quality of life, and it was named America’s “Most Fun Small Town” in 2012. The ATP World Tour 250 Series men’s tennis tournament is held every year at the Delray Beach Tennis Center on Atlantic Avenue, just half of a mile southwest of the property, and Delray Beach was named as one of the top tennis towns in the United States in 2010 by the United States Tennis Association. Delray’s Pineapple Grove District boasts a vibrant, bustling art scene in its trendy downtown with almost 30 galleries, an artists’ alley and entertainment centers clustered among boutiques, nightclubs and some of Florida’s best restaurants. Collectors and connoisseurs have stunning choices in media ranging from oil paintings and original sculpture to vintage poster art and dramatic Native American works. Gallery visitors often meet the artists, whose visits are not restricted to special shows. Audiences can also enjoy the theater year-round at several venues, with stage shows, musical performances, dance presentations, comedy routines and more, presented indoors and outside. Equally popular are the museums, focusing on the city’s natural outdoor beauty. South Florida has become a major player on the art scene, and Delray Beach has joined this movement with its emerging district, Pineapple Grove, with galleries and the Arts Garage, a cabaret-style theater that hosts plays, music and performance art. Pineapple Grove’s quaint restaurants are a more relaxed alternative to the bustling nightlife of Atlantic Avenue. The Property’s proximity to US-1, Interstate 95 and the Florida Turnpike, provides exceptional access throughout the entire region.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-43-46-16-01-081-0110
  • 12-43-46-16-01-081-0090
  • 12-43-46-16-01-081-0100
  • 12-43-46-16-01-081-0150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,909,309
  • Listing ID: 26203899

  • Date on Market: 7/19/2022

  • Last Updated:

  • Address: 301-315 NE 2nd Ave, Delray Beach, FL 33444

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