101 1St StDelray Beach, FL 33444

  • Other commercial real estate
  • 0.30 AC
For Sale
$5,500,000 View listing

Property Details for 101 1St St

Lot size
0.30 AC
Property type
Other commercial real estate
Property subtype
Other land

Description

This exceptional 0.3-acre commercial land parcel, located at 101 SE 1st St in Delray Beach, Florida (APN: 12434616010770112), presents a unique investment opportunity. Priced at $5,500,000 and designated for a 1031 exchange, this property boasts a highly desirable CBDCC zoning classification, allowing for the construction of a four-story office building. The site offers excellent visibility with 100 feet of frontage on SE 1st Ave and 135 feet on SE 1st Street, placing it in the heart of Delray Beach's vibrant Sofa District. This prime location is further enhanced by its adjacency to Worthing Place, a luxury apartment community recognized as one of the most desirable in all of Palm Beach County. The property comes complete with approved plans and construction drawings, streamlining the development process and minimizing potential delays. This turnkey opportunity is ideal for developers seeking a strategically located site with immediate development potential in a thriving Florida market. The property is situated in Palm Beach County, Florida, zip code 33444. This is a rare chance to acquire a fully entitled commercial lot in a high-demand area.

101 1St St, Delray Beach, Florida

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4598
Longitude
-80.0718

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