For Sale
$3,150,000

341 2Nd AveDelray Beach, FL 33483

Prime SofA District Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 341 SE 2nd Avenue in Delray Beach, Florida, presents a unique investment opportunity. Boasting 4,960 square feet on a double lot totaling 13,260 square feet, this 7-unit building offers significant upside potential. Constructed in 1957, the property benefits from a highly desirable CBD-RC zoning designation in the thriving SofA District, allowing for both residential and commercial uses. The zoning permits the construction of a mixed-use building up to five stories high, significantly increasing the potential density. Current zoning allows for 30 units per acre, with the possibility of 70 units per acre if 20% of the units are designated as workforce housing. The property's versatility extends to light industrial, warehouse, and multi-family uses. Currently, the building houses long-term, month-to-month tenants, providing a stable income stream for the new owner. Its prime location, just blocks from Atlantic Avenue and the beach, ensures high visibility and strong rental demand. This is a rare opportunity to acquire a substantial property in a rapidly developing area with significant redevelopment potential. The asking price is $3,150,000. Serious inquiries only. Please do not disturb tenants.

Highlights

  • Asking price: $3,150,000
  • Mixed-use property totaling 4,960 square feet with seven units.
  • Built in 1957, located at 341 SE 2nd Avenue, Delray Beach, FL 33483.
  • Double lot (13,260 sq ft) in Delray Beach's booming SofA District, near Atlantic Avenue and the beach.
  • CBD-RC zoning allows for mixed-use development, up to five stories.

Property Details for 341 2Nd Ave

Property type
Mixed-use properties
Square Feet
4,960 SF
Year Built
1957
Units
7

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4553781
Longitude
-80.0707162
341 2Nd Ave, Delray Beach, Florida

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341 2Nd Ave
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