For Sale
$3,500,000

342 3Rd AveDelray Beach, FL 33444

Historic building, high-growth area. Six units, huge potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional special-purpose property, located at 342 NE 3rd Avenue in Delray Beach, Florida, presents a unique investment opportunity. The 3,067 square foot building, constructed in 1946, sits on a 10,167+/- square foot lot and boasts six units. Its strategic location within the Central Business District (CBD) – specifically the Railroad Corridor and Pineapple Grove – offers unparalleled access to Delray Beach's vibrant downtown area. The property's zoning allows for a diverse range of uses, including office, retail, restaurant, and mixed-use developments, with a maximum height of 48 feet. The building features two overhead doors, providing convenient access for various businesses. Its advantageous position offers frontage on NE 3rd Avenue and alley access, enhancing visibility and accessibility. Furthermore, the property benefits from its proximity to two city parking lots, addressing a key concern for potential tenants and customers. The asking price for this remarkable property is $3,500,000. This presents a rare chance to acquire a well-situated asset in a thriving Florida market with significant upside potential.

Highlights

  • $3,500,000 asking price.
  • Special purpose property with 3,067 square feet.
  • Six units.
  • Built in 1946.
  • Located at 342 NE 3rd Avenue, Delray Beach, FL 33444, in the Pineapple Grove area.

Property Details for 342 3Rd Ave

Property type
Specialty properties
Square Feet
3,067 SF
Year Built
1946
Units
6

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4679934
Longitude
-80.0704717
342 3Rd Ave, Delray Beach, Florida

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342 3Rd Ave
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