$8,500,000
Delray Beach, FL 33483
MLS# RX-11042956
4 baths | 8656 sqft
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Property Description
Join an exciting development project in the heart of Delray Beach! This 1.71-acre mixed-use site offers incredible potential, with approved plans for 18 luxurious, 3-level townhomes. Strategically located along Federal Highway with additional frontage on Old Dixie Highway. Each townhome features approximately 3,000 sq. ft., 3 bedrooms with en-suite bathrooms, covered balconies, and 2-car garages. Alternatively, the charm of Ellie's 50s Diner can be preserved to restore its legacy, or the space can be repurposed into a vibrant retail hub, offering even more flexibility to maximize its value. Delray Beach is thriving, and this is your chance to invest in a prime location with limitless possibilities. Don't miss this transformative opportunity
Details
Contract Information
Status: Active
Original List Price: 8100000
Auction: No
List Price: $8,500,000
Current Price: $8,500,000
List Price/Bldg SqFt: 981.98
Listing Date: 2024-12-06
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Rest/Redevelopment
Subdivision: DELRAY BEACH ESTATES
Year Built: 2025
SqFt - Living: 8656
SqFt Source: Tax Rolls
# of Stories: 3
Total Units: 18
Baths - Total: 4
Acres: 1.71
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 4360
County: Palm Beach
Parcel ID: 12434604080000090
Street #: 2410
Street Dir: N
Street Name: Federal
Street Suffix: Highway
Zip Code: 33483
Legal Desc: DELRAY BEACH ESTATES LTS 9 & 10 & E 20 FT OF 80 FT ABND PT OF OLD DIXIE HWY LYG W OF & ADJ TO
Geo Lat: 26.487972
Geo Lon: -80.065201
Property Features
Use: Mixed
Type of Building: Commercial; Free Standing; Office/Retail; Restaurant; Retail
Sale Includes: Building and Land
Avail Docs: Survey
Avail Info: Existing Survey
Flooring: Other
Cooling: Other
Heating: Other
Fire Protect: Sprinkler
Tenant Pays: None
Utilities: Electric; Municipal Water; Public Sewer
Roof: Other
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing; Funding
Listing Office: Compass Florida LLC
Last Updated: January - 22 - 2025
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