Multifamily Redevelopment
For Sale
$3,000,000
369 SE 2nd Avenue, Delray Beach, FL 33483
Redevelopment parcel sized for 86–172 units under zoning, with a paved access road to the east in place.
Property Size2,000 SF
Lot Size2.50 Acres
Price / SF$1,500
Days on Market247
Property Features for 369 SE 2nd Avenue
General Information
Standard status
Active
Size
2,000 SF
Lot size
2.50 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Multifamily Units
172
Building Details
Year Built
1958
Listing Agency:
(561) 389-9117
Listed By:
Douglas Elliman
(561) 389-9117
Source:
Xome
Added: Dec 3, 2025
Changed: Jul 10
Last Checked: Jun 14 at 2:02AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This redevelopment opportunity offers a multifamily site that can be incorporated into an assemblage, with approximately 1.23 to 2.5 acres available depending on the final configuration. Zoning provides for a density range of 86 to 172 units, and there is an additional possibility to pursue a storage unit site with application to the City. The property also features a unique paved road to the east at the rear, which may be relevant to access and site planning.
The property is positioned in downtown Delray Beach, within walking distance to Atlantic Avenue and the Beach CBD. It is also described as being located in the Railroad Corridor District.
Investors and developers should consider this offering for a ground-up multifamily redevelopment plan aligned with the stated unit range under zoning. The property includes tenants in place, and the NOI is provided to qualified buyers as part of the due diligence process. For users exploring alternate programming, the available mention of a potential storage unit development underscores the need to coordinate early with City application requirements and approvals.
The property is positioned in downtown Delray Beach, within walking distance to Atlantic Avenue and the Beach CBD. It is also described as being located in the Railroad Corridor District.
Investors and developers should consider this offering for a ground-up multifamily redevelopment plan aligned with the stated unit range under zoning. The property includes tenants in place, and the NOI is provided to qualified buyers as part of the due diligence process. For users exploring alternate programming, the available mention of a potential storage unit development underscores the need to coordinate early with City application requirements and approvals.
Key Highlights
- Zoned CBD‑RC for multi‑family redevelopment with 86–172 units as per zoning
- Redevelopment parcel size described as 1.23–2.5 acres as part of an assemblage
- Unique paved road to the east (rear) provides access to the parcel
Property Analytics
Property Profile
Current Use
Lease Details
172
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment parcel sized for 86–172 units under zoning, with a paved access road to the east in place.
Where is this apartment building located?
The property is located at 369 SE 2nd Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Zoned CBD‑RC for multi‑family redevelopment with 86–172 units as per zoning; Redevelopment parcel size described as 1.23–2.5 acres as part of an assemblage; Unique paved road to the east (rear) provides access to the parcel
