For Sale
$5,500,000

101 1St St Delray Beach, FL 33444

Prime 0.3-acre commercial lot, fully entitled.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 0.3-acre commercial land parcel, located at 101 SE 1st St in Delray Beach, Florida (APN: 12434616010770112), presents a unique investment opportunity. Priced at $5,500,000 and designated for a 1031 exchange, this property boasts a highly desirable CBDCC zoning classification, allowing for the construction of a four-story office building. The site offers excellent visibility with 100 feet of frontage on SE 1st Ave and 135 feet on SE 1st Street, placing it in the heart of Delray Beach's vibrant Sofa District. This prime location is further enhanced by its adjacency to Worthing Place, a luxury apartment community recognized as one of the most desirable in all of Palm Beach County. The property comes complete with approved plans and construction drawings, streamlining the development process and minimizing potential delays. This turnkey opportunity is ideal for developers seeking a strategically located site with immediate development potential in a thriving Florida market. The property is situated in Palm Beach County, Florida, zip code 33444. This is a rare chance to acquire a fully entitled commercial lot in a high-demand area.

Highlights

  • Approved plans and construction drawings included.
  • High-traffic location with excellent visibility.
  • Zoned for multi-family development.
  • Utilities readily available at the site.
  • Strong rental market demand in the area.

Property Details for 101 1St St

Property type
Land
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.45981403
Longitude
-80.07180469

FAQs

What type of property is this?
Land - Prime 0.3-acre commercial lot, fully entitled.
Where is the land located?
The property is located at 101 1St St Delray Beach, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approved plans and construction drawings included.; High-traffic location with excellent visibility.; Zoned for multi-family development.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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101 1St St
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