355 NE 5th AVE #0080, Delray Beach, FL 33483
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
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Est. payment /mo
12,077 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,077 sqft

MLS Listing ID A12049834

HOA Y/N No

Year Built 1982

Annual Tax Amount $11,315

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Mixed Use

Property Description

Prime Delray Beach Land Assemblage & Investment OpportunityThis exceptional offering presents a rare opportunity to acquire a contiguous three-parcel land assemblage totaling more than one acre, strategically located just three blocks north of Atlantic Avenue in the heart of East Delray Beach. Positioned along highly visible Federal Highway, this unique asset offers an attractive combination of immediate cash flow, value-add potential, and long-term redevelopment opportunities in one of South Florida's most sought-after coastal markets. The property is currently improved with multiple income-producing buildings that generate strong, stable rental income, providing investors with immediate returns while preserving significant future upside. Additional value can be realized through leasing vacant suites, optimizing rental rates to market levels, or pursuing redevelopment under the property's favorable zoning.nvestment HighlightsOver 1 acre of contiguous land with desirable CBD zoning, allowing for high-density mixed-use redevelopment.Prime East Delray Beach location on Federal Highway, just three blocks from the vibrant shops, restaurants, and entertainment of Atlantic Avenue. Excellent accessibility, with convenient access to Interstate 95 and minutes from Delray Beach's award-winning beaches. Strong in-place cash flow supported by high occupancy and consistent rental income. Value-add opportunity through lease-up of vacant suites and market rent adjustments.

Location

State FL

County Palm Beach

Area 4220

Direction I 95 to Atlantic East to Federal North and left on 4th street.

Region Delray Beach

City Region Delray Beach

Interior

Fireplace No

Building

Dwelling Type Retail

Others

Pets Allowed No

Tax ID 12434616750000080

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BeachesMLS, Inc. (FLR) VOW
Listed by Paul Jacques Xcellence

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355 NE 5th AVE #0080

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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