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2400 N Federal Highway, Delray Beach, FL 33483

$7,200,000
Property Type: Comm/Industry Baths: 2 Square Footage: 14,875 Status: Active
Current Price: $7,200,000 Last Modified: 1/23/2025

Description

Discover a Prime Investment and Redevelopment Opportunity in Delray Beach Located just off Federal Highway in the vibrant city of Delray Beach, this approved project offers an extraordinary opportunity to create a luxury community of 16 sophisticated condos. These thoughtfully designed residences feature spacious 2-3 bedroom layouts, each exceeding 2,500 sq. ft. of elegant living space. A selection of condos includes private garages with direct access to the units, offering added convenience for future homeowners. The site plans also feature exceptional resort-style amenities, such as a pool, clubhouse, cabanas, and an outdoor kitchen, enhancing the appeal of this exclusive community. This project is perfect for someone ready to seize the opportunity to make their mark in Delray Beach!

More Information MLS# RX-11042955

Contract Information

Auction: No List Price/Bldg SqFt: 484.03 Status: Active Original List Price: 7200000 List Price: $7,200,000 Current Price: $7,200,000 Listing Date: 2024-12-06

General Property Description

For Sale: Yes For Lease: No Property Desc: Store/Redevelopment Acres: 1.37 Waterfront: No SqFt Source: Tax Rolls # of Stories: 4 Total Units: 16 % Air Conditioned: 100 Type: MultiFamily (5+ Units) Subdivision: DELRAY BEACH ESTS Year Built: 2025 SqFt - Living: 14875 Baths - Total: 2

Location, Tax & Legal

Geo Area: PB06 Country: United States State/Province: FL Tax Year: 2024 Zoning: GC(cit Real Estate Taxes: 53254.9 Area: 4360 County: Palm Beach Parcel ID: 12434604300000020 Street #: 2400 Street Dir: N Street Name: Federal Street Suffix: Highway Zip Code: 33483 Legal Desc: PBT REPL 1 LT 2 Geo Lat: 26.487249 Geo Lon: -80.065206

Remarks & Misc

Directions: From I95 take exit 56 to Woolbright Rd East, right to US-1. Destination will be on the right

Office/Member Info

DXORIGMLNO: RX-11042955 DXORIGMLSID: RML

Type of Building

Commercial: 1 Income: 1 Retail: 1

Sale Includes

Building and Land: 1

Avail Info

Existing Survey: 1

Avail Docs

Survey: 1

Cooling

Central: 1

Heating

Other: 1

Tenant Pays

Electric: 1 Water: 1

Use

Industrial: 1 Mixed: 1 Other: 1

Flooring

Other: 1

Utilities

Public Sewer: 1 Public Water: 1

Fire Protect

Smoke Alarm: 1

Roof

Other: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1 Funding: 1

Lease

None: 1

Property Features

Use: Industrial; Mixed; Other Type of Building: Commercial; Income; Retail Sale Includes: Building and Land Avail Docs: Survey Avail Info: Existing Survey Flooring: Other Cooling: Central Heating: Other Fire Protect: Smoke Alarm Tenant Pays: Electric; Water Utilities: Public Sewer; Public Water Roof: Other Terms Considered: Cash; Conventional Lease: None Possession: At Closing; Funding
Listing Office: Compass Florida LLC
Last Updated: January - 23 - 2025
2400 N Federal Highway, Delray Beach, FL 33483- MLS# RX-11042955
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