Current Use by Public Records
- Specialty properties
Property Details for 342 3Rd Ave
- Year built
- 1946
- Property type
- Specialty properties
Description
This exceptional special-purpose property, located at 342 NE 3rd Avenue in Delray Beach, Florida, presents a unique investment opportunity. The 3,067 square foot building, constructed in 1946, sits on a 10,167+/- square foot lot and boasts six units. Its strategic location within the Central Business District (CBD) – specifically the Railroad Corridor and Pineapple Grove – offers unparalleled access to Delray Beach's vibrant downtown area. The property's zoning allows for a diverse range of uses, including office, retail, restaurant, and mixed-use developments, with a maximum height of 48 feet. The building features two overhead doors, providing convenient access for various businesses. Its advantageous position offers frontage on NE 3rd Avenue and alley access, enhancing visibility and accessibility. Furthermore, the property benefits from its proximity to two city parking lots, addressing a key concern for potential tenants and customers. The asking price for this remarkable property is $3,500,000. This presents a rare chance to acquire a well-situated asset in a thriving Florida market with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0705
- Latitude
- 26.468
