1600 Federal HwyDelray Beach, FL 33483

  • Hospitality properties
  • 1,892 SF
For Sale
$2,690,000 View listing

Property Details for 1600 Federal Hwy

Year built
1954
Construction
WOOD
Lot size
0.58 AC
Property size (Sq ft)
1,892 SF
Zone code
GC
Property type
Hospitality properties
Property subtype
Hotels
APN
12-43-46-09-12-000-0012
APU
12434609120000012

Description

This exceptional 3,608 square foot special purpose property, located at 1600 N Federal Highway in Delray Beach, Florida, presents a unique investment opportunity. Built in 1954, the property currently operates as a ten-unit motel with on-site parking, catering to daily fee guests. Its strategic location offers direct US1 frontage, maximizing visibility and accessibility. The property is zoned for general commercial use, opening doors to a wide range of redevelopment possibilities. Envision a mixed-use project, a vibrant restaurant, or modern office space – the potential is vast. The asking price is $2,690,000. This property is being sold "as is." The lot size is not specified. Please note that the property includes two units and is situated in the desirable Palm Beach County, zip code 33483. Given its prime location and flexible zoning, this property is an ideal canvas for a savvy investor seeking a high-impact project in a thriving Florida market. Serious inquiries only; please refrain from disturbing guests or employees.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $660,953
    6.5%
    $610,110
    7%
    $566,531
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,191,226
    Geo Method
    $1,191,226
  • Alternative Use

    Use
    Valuation
    Residential
    $666,063
    Hospitality
    $610,110
    Educational
    $507,605
    Medical
    $525,062
    Retail
    $789,607
1600 Federal Hwy, Delray Beach, Florida

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.481
Longitude
-80.0666
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
$15,615
$698,532
$92,248
$790,780
-
$698,532
$92,248
$790,780

FAQs

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