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Listed by Compass Florida LLC
$8,500,000
Est. payment /mo
4 Baths
8,656 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 8,656 sqft
Price per Sqft $981
Subdivision Delray Beach Estates
MLS Listing ID RX-11042956
Year Built 2025
Annual Tax Amount $79,838
Tax Year 2024
Lot Size 1.710 Acres
Property Sub-Type MultiFamily (5+ Units)
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
Location
State FL
County Palm Beach
Area 4360
Zoning GC(cit
Interior
Heating Other
Cooling Other
Flooring Other
Fireplaces Type Sprinkler
Exterior
Utilities Available Electric, Municipal Water, Public Sewer
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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