0000 Federal HwyDelray Beach, FL 33483
- Land
- 0.51 AC
Property Details for 0000 Federal Hwy
- Lot size
- 0.51 AC
- Property type
- 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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