1601 NE 3RD Avenue
$2,100,000
1601 NE 3RD Avenue, Delray Beach, FL 33444
5,146 sqft
Building Size
6
Units
Details:
Highlights:
- Lot Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
- Number Of Buildings: 1
- Bathrooms Total: 0
- Documents Available: Aerial Photo
- Cooling: Central Air, Electric
- Heating: Central, Electric
- Electric: Other Electric
- Construction Materials: CBS Construction
- Security Features: No Fire Protection, No Security
- Ownership: Assets Only
Description:
Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.
Location
Gallery
