1600 Federal HwyDelray Beach, FL 33483
- Hospitality properties
- 1,892 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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