0000 Federal HwyDelray Beach, FL 33483

Property Details for 0000 Federal Hwy

Lot size

0.51 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.51-acre lot presents a unique investment opportunity in the thriving Delray Beach market. Located on North Federal Highway, this prime site is situated within the rapidly developing corridor just north of Downtown Delray Beach. Approved plans are in place for the construction of six luxurious, three-story condominiums, each boasting approximately 3,100 square feet of air-conditioned living space. Detailed architectural renderings showcase a sophisticated design, including three bedrooms, three and a half bathrooms, private balconies, inviting cabanas, a refreshing swimming pool, and convenient garage parking for residents. The property's dimensions measure approximately 129 feet by 210 feet, providing ample space for the proposed development. The permitted zoning is GC, facilitating the seamless execution of the approved condo plans. This is an exceptional opportunity to capitalize on the high demand for luxury residential properties in this desirable location. The asking price is $1,700,000. Don't miss this chance to acquire a ready-to-develop site with significant potential for substantial returns.

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4671

Longitude

-80.0591

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