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    181 5Th Ave Delray Beach, FL 33483

    Sponsored
    For Sale
    $4,000,000

    14,800 SF lot, CBD zoning, huge potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a prime 14,800 square foot commercial lot in the heart of Delray Beach, Florida. Located at 181 SE 5th Ave, 33483, this corner lot boasts significant frontage on three sides, including Federal Highway and SE 2nd Street, offering unparalleled visibility and accessibility. The property's CBD zoning unlocks a wide range of development possibilities, catering to diverse commercial ventures. Currently featuring a +/- 4,586 square foot building with 14 private offices, one office with a private restroom, two conference rooms, two additional restrooms, and a breakroom, this existing structure provides immediate income potential or a solid foundation for a larger-scale project. The property also includes approximately 19 parking spaces, a valuable asset in a high-traffic area. The asking price is $4,000,000. The property is situated just 1.5 blocks south of Atlantic Avenue on Federal Highway, placing it within close proximity to thriving businesses and a vibrant community. Note that the listed real estate taxes reflect a non-profit status. This is a truly unique opportunity to capitalize on Delray Beach's dynamic growth and create a landmark commercial development.

    Property Features for 181 5Th Ave

    General Information

    Property type
    Office buildings
    Property Profile Location Intelligence

    Current Use by Public Records

    Heartfelt Florida Housing Charity Habitat For Humanity Delray ... Non-Profit Organization

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center 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
    -80.067670970977
    Latitude
    26.458030585366

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    FAQs

    What type of property is this?
    Office building - 14,800 SF lot, CBD zoning, huge potential.
    Where is this office building located?
    The property is located at 181 5Th Ave Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    (561) 441-0967
    Request Owner's contact information
    181 5Th Ave 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
    181 5Th Ave Delray Beach, FL 33483
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