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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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355 NE 5th Ave 0080 , Delray Beach, FL 33483
$13,895,000
Est. Payment: $30,877.78/mo
0 Bed
0 Bath
12077 Sqft
Status: Active | Days on site: 2
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XCEL01 - 3187171
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House 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.

Highlights

Listed by Paul Jacques , 561-441-9695 Xcellence , 866-595-6025.

Property Type

Commercial Sale

Lot/Acreage
0.57

Year Built

1982

County

Palm Beach

Area

4120

Listing ID

A12049834

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:CBD (cit
Principal Interest
$30,878
Taxes
$943

Home Price

$13,895,000

Loan Details

30 yrs
%

Down Payment

20%
$2,779,000
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Monthly Price:
$30,877.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,877.78 $942.92 $0.00 $31,820.69
Yearly $370,533.33 $11,315.00 $0.00 $381,848.33
Total $11,116,000.00 $339,450.00 $0.00 $11,455,450.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Delray Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.