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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1601 NE 3rd Ave , Delray Beach, FL 33444
$2,100,000
Est. Payment: $11,551.86/mo
5146 Sqft
0.29 Acres
Status: pending | Days on site: 6
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FLL800956 - FLL276668300
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House Description

Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.

Highlights

Listed by Abbey Adair , 561-568-7427 Century 21 Realty Professionals , 561-251-5577. REALTOR Association of Greater Miami and the Beach

Property Type

Commercial Sale

Lot/Acreage
0.29

Year Built

1974

County

Palm Beach

Area

4360

Listing ID

B26069794

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Interior Features

Air Cond:Central Air,Electric
Fireplaces:
Water:Public

Exterior Features

Lot:<1 Acre,1/4 to 1/2 Acre Lot
Garage Capacity:12
Zoning:R-1-A (city)
Roof:Composition
Sewer:Public Sewer
Principal Interest
$11,552
Taxes
$941

Home Price

$2,100,000

Loan Details

30 yrs
7.33%

Down Payment

20%
$420,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,551.86

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,551.86 $940.83 $0.00 $12,492.70
Yearly $138,622.35 $11,290.00 $0.00 $149,912.35
Total $4,158,670.47 $338,700.00 $0.00 $4,497,370.47

Today's Rates

30 Year

7.33%

20 Year

7.09%

15 Year

6.78%

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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.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-15T19:00:27.000Z

© 2026 REALTOR Association of Greater Miami and the Beach