248 1St AveDelray Beach, FL 33444

Property Details for 248 1St Ave

Property type

Residential income properties

Property subtype

Other land

Description

Exceptional development opportunity in booming Delray Beach, Florida. This 13,861 square foot corner lot is situated just three blocks from Atlantic Avenue, offering unparalleled access to Delray Beach's vibrant downtown area, renowned beaches, and the eclectic shops and restaurants of Atlantic Avenue. The property boasts completed schematic designs by Silberstein Architecture for a potential three-unit luxury condominium development, streamlining the permitting process for the future developer. These plans are available upon request, along with detailed renderings. The location benefits from the ongoing revitalization of the surrounding area, including the nearby Sundy Village redevelopment project, indicating significant growth potential. This rare opportunity allows investors to capitalize on the area's momentum and create a lasting impact in a highly sought-after location. The asking price is $1,999,000. The property is located at 248 SE 1st Ave, Delray Beach, FL 33444, in Palm Beach County.

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4564

Longitude

-80.072

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