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Site Plan Approved Condo Development
For Sale
$2,900,000

235 SE 5th Avenue, Delray Beach, FL 33444

Site plan approved for a boutique luxury condominium project with up to seven units and rooftop terrace options.

Property Size2,309 SF
Price / SF$1,255
Days on Market109

Property Features for 235 SE 5th Avenue

General Information

Standard status Active
Size 2,309 SF
Property subtype Mixed Use

Additional Details

Multifamily Units 7

Amenities

penthouse roof-top terraces
private outdoor terrace
community luxury pool
covered parking

Building Details

Year Built 1928
Listing Agency: EXP Realty LLC
Listed By: Israel Monteiro · License #3469056
Source: Lehmannflorida
Added: Jul 17 Changed: Oct 29 Last Checked: Nov 1 at 5:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This site plan approved luxury condo development is positioned for construction of up to seven condominium units. Unit sizes vary from 1,600 to 3,119 square feet, with 2-bedroom/2-bath and 3-bedroom/3-bath layouts available. The project also includes two penthouse rooftop terraces and a private outdoor terrace. Community amenities noted in the offering include a luxury pool, along with covered parking.

The property is described as being situated a quarter mile from the Atlantic Avenue shops and restaurants, with less than a mile’s walk to the beach.

As presented, the offering centers on the approved site plan for building seven units, with terrace features and on-site community amenities including a pool and covered parking.

Key Highlights

  • Site plan approved for up to seven luxury condo units as part of the 235 on Fifth condo project
  • Condo unit sizes range from 1,600 to 3,119 SF, with 2BR/2BA and 3BR/3BA options
  • Two penthouse rooftop terrace options plus private outdoor terrace space

Property Analytics

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Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Florist Grocery & Convenience Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

3,230
Businesses Nearby

Demographics for 33444, FL

22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Site plan approved for a boutique luxury condominium project with up to seven units and rooftop terrace options.
Where is this residential land & home lot located?
The property is located at 235 SE 5th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Site plan approved for up to seven luxury condo units as part of the 235 on Fifth condo project; Condo unit sizes range from 1,600 to 3,119 SF, with 2BR/2BA and 3BR/3BA options; Two penthouse rooftop terrace options plus private outdoor terrace space
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