401 6Th AveDelray Beach, FL 33483

  • Retail properties
  • 3,587 SF
For Sale

Property Details for 401 6Th Ave

Year built
1967
Construction
WOOD
Lot size
0.31 AC
Property size (Sq ft)
3,587 SF
Zone code
CBD
Property type
Retail properties
Property subtype
Auto shops
APN
12-43-46-09-30-000-0260
APU
12434609300000260

Description

This exceptional mixed-use investment opportunity in Delray Beach, Florida, presents a compelling value-add proposition. Situated on a 0.31-acre lot at the hard corner of NE 6th Avenue and Federal Highway, just half a mile north of Atlantic Avenue, this property boasts a coveted CBD zoning designation. The zoning permits a wide array of uses and densities, potentially allowing for up to nine multifamily units, depending on the development configuration. Alternatively, the prominent corner location offers significant potential for retail development, particularly given its proximity to a Publix supermarket across the street. The site currently features a 3,780 square foot industrial building, leased on a short-term basis, generating immediate income while entitlements are pursued. The property's total square footage is 13,486 square feet, with 10 parking spaces available. A recent Phase II environmental assessment has been completed, confirming the site's suitability for redevelopment. The signalized hard corner location provides multiple ingress/egress points, enhancing accessibility and visibility. This property offers a unique blend of immediate income and significant long-term upside potential in a highly desirable location. The year built is 1967, and the property consists of one building with 100% occupancy.

401 6Th Ave, Delray Beach, Florida

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4694
Longitude
-80.0669
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,392
$656,461
$293,259
$949,720
-
$656,461
$293,259
$949,720

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