355 NE 5th Ave 0080,Delray Beach, FL 33483
Delray Beach, FL 33483
Description
Prime Delray Beach Land Assemblage & Investment Opportunity This exceptional offering presents a rare opportunity to acquire a contiguous three-parcel land assemblage totaling more than one acre, strategically located just three blocks north of Atlantic Avenue in the heart of East Delray Beach. Positioned along highly visible Federal Highway, this unique asset offers an attractive combination of immediate cash flow, value-add potential, and long-term redevelopment opportunities in one of South Florida's most sought-after coastal markets. The property is currently improved with multiple income-producing buildings that generate strong, stable rental income, providing investors with immediate returns while preserving significant future upside. Additional value can be realized through leasing vacant suites, optimizing rental rates to market levels, or pursuing redevelopment under the property's favorable zoning. nvestment Highlights Over 1 acre of contiguous land with desirable CBD zoning, allowing for high-density mixed-use redevelopment. Prime East Delray Beach location on Federal Highway, just three blocks from the vibrant shops, restaurants, and entertainment of Atlantic Avenue. Excellent accessibility, with convenient access to Interstate 95 and minutes from Delray Beach's award-winning beaches. Strong in-place cash flow supported by high occupancy and consistent rental income. Value-add opportunity through lease-up of vacant suites and market rent adjustments.
Details
| MLS # | A12049834 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 56 |
| Listing Provided By | Xcellence | Paul Jacques |
Features
| SQ Feet | 12,077 |
|---|---|
| Zoning | CBD (cit |
| Acreage | 25041.00 |
Taxes
| Tax Annual Amount | 11315 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33483 |
| Area | 4120 |
| Listing VS Median (in 33483) | |
Price: $13,895,000 low | high Med: $399,450 sqft: 12,077 low | high Med: 1,231 $ / sqft: $1,151 low | high Med: $327 On site: 56 low | high Med: 69 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Zip Code | 33483 |
| Area | 4120 |
| Listing VS Median (in 33483) | |
Price: $13,895,000 low | high Med: $399,450 sqft: 12,077 low | high Med: 1,231 $ / sqft: $1,151 low | high Med: $327 On site: 56 low | high Med: 69 | |
