$8,500,000
Delray Beach, FL 33483
MLS# RX-11043866
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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
Documents
Contract Information
Listing Date: 2024-12-10
Status: Active
Original List Price: 8100000
Auction: No
List Price: $8,500,000
Current Price: $8,500,000
List Price/Acre: 4970760.23
General Property Description
Type: Commercial Land
Lot SqFt: 8656
Acres: 1.71
Waterfront: No
Min Lv SqFt Rstrct: 8656
Subdivision: DELRAY BEACH ESTATES
Front Exp: East
Homeowners Assoc: None
Directions: From 95 - Atlantic Ave E, N on NE 6th Ave, property on W side of Federal Highway
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: 26.487974
Geo Lon: -80.065202
Property Features
Land Use: Commercial; Multi-Family Med Den
Location: Other
Lot Description: 1 to < 2 Acres
Develop Status: Undeveloped
Improvements: Curb; Sidewalk; Street Light
Utilities Avail: Electric; Municipal Sewer; Public Water
Utilities On Site: Electric; Public Water; Sewer
Ground Cover: Grassed; Other
Roads: City/County Maint.; Other
Avail Docs: Plans; Survey
Trees: None
Terms Considered: Cash; Conventional
Showing Instructions: Text Listing Agent
Possession: At Closing; Funding
Offering Memorandum 
Listing Office: Compass Florida LLC
Last Updated: January - 22 - 2025
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