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    2400 N Federal Hwy Delray Beach, FL 33483

    For Sale
    $7,200,000

    Commercial,Income,Retail - Delray Beach, FL

    Property size:
    14,875 SF
    Lot size:
    1.37 Acres
    Days on Market:
    320
    Last Refresh:
    Dec 8 at 10:06 am

    Property Features for 2400 N Federal Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GC(cit
    APN
    12434604300000020
    Size
    14,875 SF
    Lot size
    1.37 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    4
    Number of units
    16
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    Compass Florida, LLC (561) 286-5166 [email protected]

    Listing agent Mark C Barone (561) 285-4283

    Listing date Jan 23, 2025

    MLS# RX-11042955 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Delray Beach Redevelopment Opportunity

    Located just off Federal Highway in Delray Beach, this approved project presents an investment and redevelopment opportunity to create a luxury community of 16 condos. These residences feature spacious 2-3 bedroom layouts, each exceeding 2,500 square feet of living space. Some condos include private garages with direct access to the units. The site plans also feature resort-style amenities, such as a pool, clubhouse, cabanas, and an outdoor kitchen. The property is zoned GC(cit and has a lot size of 1.37 acres. The living area is 14,875 square feet. This project is suitable for someone ready to make their mark in Delray Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Delray Preowned Used Car Dealer Badcock Home Furniture ... Furniture Store Certified Service Dentist Collision Center of Delray Auto Body Shop Delray Buick GMC Gmc Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.065206
    Latitude
    26.487249

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    FAQs

    What type of property is this?
    Apartment building - Approved project for 16 luxury condos in Delray Beach.
    Where is this apartment building located?
    The property is located at 2400 N Federal Hwy Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: - Approved project for a luxury community of 16 condos in Delray Beach.; - Spacious 2-3 bedroom layouts, each exceeding 2,500 sq. ft.; - Located just off Federal Highway in a vibrant area.
    (561) 285-4283
    Request Owner's contact information
    2400 N Federal Hwy Delray Beach, FL 33483
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    Delray Beach, FL 33483
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2400 N Federal Hwy Delray Beach, FL 33483
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