801-815 George Bush Blvd Delray Beach, FL 33483

This exceptional mixed-use property, located at 801-815 George Bush Boulevard in Delray Beach, Florida, presents a compelling investment opportunity. The 1.16-acre site, comprised of five parcels, boasts 281 feet of frontage on George Bush Boulevard and a depth of 191.50 feet. Currently featuring eight units, the property is zoned for general commercial use and offers significant potential for redevelopment. A proposed plan includes approximately 10,000 square feet of ground-floor commercial/retail space and fourteen townhomes. Each townhome, ranging from 1800 to 3100 square feet, will include elevated covered private parking and a fourth-floor roof deck with a spa, pool, outdoor kitchen, and storage. The development will utilize impact-resistant construction to withstand severe weather. Residents will enjoy stunning views of George Bush Boulevard, with convenient access to sidewalks and bike lanes leading directly to the beach (half a mile away). The property's strategic location offers unparalleled convenience, situated just one mile from the Intracoastal Waterway, half a mile from the Atlantic Ocean, two-tenths of a mile from Federal Highway, and within close proximity to Gulf Stream, Atlantic Avenue, Boca Raton, Palm Beach, Fort Lauderdale, and Miami. The asking price for this remarkable property is $13,995,000. Built in 1982, this is an ideal opportunity for 1031 exchanges.