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2410 N Federal Highway, Delray Beach, FL 33483

$8,500,000
Property Type: Comm/Industry Baths: 4 Square Footage: 8,656 Status: Active
Current Price: $8,500,000 Last Modified: 1/22/2025

Description

Join an exciting development project in the heart of Delray Beach! This 1.71-acre mixed-use site offers incredible potential, with approved plans for 18 luxurious, 3-level townhomes. Strategically located along Federal Highway with additional frontage on Old Dixie Highway. Each townhome features approximately 3,000 sq. ft., 3 bedrooms with en-suite bathrooms, covered balconies, and 2-car garages. Alternatively, the charm of Ellie's 50s Diner can be preserved to restore its legacy, or the space can be repurposed into a vibrant retail hub, offering even more flexibility to maximize its value. Delray Beach is thriving, and this is your chance to invest in a prime location with limitless possibilities. Don't miss this transformative opportunity

More Information MLS# RX-11042956

Contract Information

Auction: No List Price/Bldg SqFt: 981.98 Status: Active Original List Price: 8100000 List Price: $8,500,000 Current Price: $8,500,000 Listing Date: 2024-12-06

General Property Description

For Sale: Yes For Lease: No Property Desc: Rest/Redevelopment Acres: 1.71 Waterfront: No SqFt Source: Tax Rolls # of Stories: 3 Total Units: 18 % Air Conditioned: 100 Type: MultiFamily (5+ Units) Subdivision: DELRAY BEACH ESTATES Year Built: 2025 SqFt - Living: 8656 Baths - Total: 4

Location, Tax & Legal

Geo Area: PB06 Country: United States State/Province: FL Tax Year: 2024 Zoning: GC(cit Real Estate Taxes: 79838.1 Area: 4360 County: Palm Beach Parcel ID: 12434604080000090 Street #: 2410 Street Dir: N Street Name: Federal Street Suffix: Highway Zip Code: 33483 Legal Desc: DELRAY BEACH ESTATES LTS 9 & 10 & E 20 FT OF 80 FT ABND PT OF OLD DIXIE HWY LYG W OF & ADJ TO Geo Lat: 26.487972 Geo Lon: -80.065201

Remarks & Misc

Directions: From 95 - Atlantic Ave E, N on NE 6th Ave, property on W side of Federal Highway

Office/Member Info

DXORIGMLNO: RX-11042956 DXORIGMLSID: RML

Type of Building

Commercial: 1 Free Standing: 1 Office/Retail: 1 Restaurant: 1 Retail: 1

Sale Includes

Building and Land: 1

Avail Info

Existing Survey: 1

Avail Docs

Survey: 1

Cooling

Other: 1

Heating

Other: 1

Tenant Pays

None: 1

Use

Mixed: 1

Flooring

Other: 1

Utilities

Electric: 1 Municipal Water: 1 Public Sewer: 1

Fire Protect

Sprinkler: 1

Roof

Other: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

At Closing: 1 Funding: 1

Lease

None: 1

Property Features

Use: Mixed Type of Building: Commercial; Free Standing; Office/Retail; Restaurant; Retail Sale Includes: Building and Land Avail Docs: Survey Avail Info: Existing Survey Flooring: Other Cooling: Other Heating: Other Fire Protect: Sprinkler Tenant Pays: None Utilities: Electric; Municipal Water; Public Sewer Roof: Other Terms Considered: Cash; Conventional Lease: None Possession: At Closing; Funding
Listing Office: Compass Florida LLC
Last Updated: January - 22 - 2025
2410 N Federal Highway, Delray Beach, FL 33483- MLS# RX-11042956
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