821 4Th AveDelray Beach, FL 33444

Property Details for 821 4Th Ave

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 16,030 square foot corner lot in Delray Beach's desirable CRA district presents a remarkable redevelopment opportunity. Located at 821 SW 4th Ave, this property boasts an existing five-bedroom, four-bathroom single-family home currently rented month-to-month. The expansive lot, approximately 140 feet by 114 feet, offers the potential to construct two separate homes, each on a substantial lot of approximately 7,000-8,000 square feet. Alternatively, the existing structure, featuring three bedrooms, two bathrooms, and two additional efficiencies, could be renovated into a larger single-family residence or maintained as three non-conforming units. The property's prime location offers easy access to South Swinton Avenue, Atlantic Avenue's vibrant shops and restaurants, and the beach (approximately one mile away). Enjoy the benefits of a spacious yard, no HOA fees, and no restrictions, making this an ideal investment for building new homes or maximizing rental income through Airbnb or seasonal rentals. The property's location within both an Opportunity Zone and the Delray Beach CRA district provides additional investment incentives. The asking price is $650,000, and the property's APN is 12434620010110040.

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4491

Longitude

-80.0767

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