City approved plans are in place for a premier residential development in the heart of Delray Beach.


Property

Website:https://www.nestseekers.com/5276882
Address:
Delray Beach, FL 33483
Ownership: For Sale
Type: Land
Lot Size: 1.7 Acres

Financials

Price:$7,900,000
Annual Taxes:$80,415

Description

City approved plans are in place for a premier residential development in the heart of Delray Beach. This 1.71 acre mixed use site is entitled for 18 luxury three-story townhomes in a prime location with frontage on Federal Highway and Old Dixie Highway. Each residence is designed with approximately 3,000 square feet, three bedrooms with en-suite bathrooms, covered balconies, and two-car garages. The property also offers flexibility to preserve and restore the iconic Ellie’s 50s Diner or redevelop the space into a vibrant retail component. With Delray Beach experiencing strong growth, this is a rare opportunity to invest in a high visibility location with exceptional upside.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Serhant

Delray Beach FL 33483 USA