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$ 13,895,000
Est. payment /mo
New
355 NE 5th Ave #0080 Delray Beach, FL 33483
12,077 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,077 sqft
Price per Sqft $1,150
MLS Listing ID A12049834
HOA Y/N No
Year Built 1982
Annual Tax Amount $11,315
Lot Size 0.575 Acres
Property Sub-Type Mixed Use
Property 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.
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.
Location
State FL
County Palm Beach
Area 4120
Direction I 95 to Atlantic East to Federal North and left on 4th street.
Exterior
Private Pool Yes
Others
Tax ID 12434616750000080
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12049834
Listed by Xcellence
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