10 20Th AveDeerfield Beach, FL 33441

This exceptional special purpose property, located at 10 NE 20th Avenue in Deerfield Beach, Florida, presents a unique redevelopment opportunity. The property boasts a 3/4 acre lot and is situated in a high-traffic area, benefiting from proximity to A1A and Hillsboro Boulevard, ensuring significant visibility and accessibility. The existing structure, built in 1953, comprises 14 units and is offered at an asking price of $3,300,000. The RM 25 zoning allows for construction up to 55 feet, providing substantial potential for a new development. The location is surrounded by high-end developments and luxury hotels, with nearby hotels commanding nightly rates of $600-$700 in April 2024, indicating strong market demand. The property's walkability to numerous attractions, including Oceans 234, Billabong, Island Water Sports, Kilwin's, Patio Bar, Embassy Suites, Kahuna's, and the Deerfield Beach boardwalk, further enhances its appeal. Renovation is possible with city approval, making this a compelling investment prospect for developers seeking a prime location in a thriving coastal community. The property's zip code is 33441, and it is located in Broward County. This is a rare opportunity to acquire a significant parcel in a highly desirable area with substantial upside potential. The property's location benefits from local traffic from Millionaire Mile and Boca Raton.