1600 Federal HwyDelray Beach, FL 33483

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

Hotels

Property subtype

Motels

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.

• 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

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

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