1405 Federal Hwy Delray Beach, FL 33483
- Land
- 0.15 lot acres
Current Use by Public Records
- Mobilize Physical Therapy / Physical Therapist / Massage Therapist
Property Details for 1405 Federal Hwy
- Lot size
- 0.15 lot acres
- Property type
- Land
Description
This exceptional 0.15-acre lot, located at 1405 N Federal Highway in Delray Beach, Florida (zip code 33483), presents a prime opportunity for developers. Zoned GC, this property boasts fully approved plans for the construction of nine luxurious condominiums, each spanning 2,500 square feet. The development offers a unique blend of commercial and residential potential, catering to the high demand for upscale living in this desirable area of Palm Beach County. Detailed architectural plans and renderings have already been completed by GE Architecture, Inc., streamlining the development process and minimizing potential delays. The lot itself measures approximately 136 feet by 202 feet, providing ample space for the proposed nine-unit condominium complex. This turnkey project offers a significant return on investment, given the prime location and the fully approved plans. The asking price for this exceptional development opportunity is $4,600,000. Don't miss this chance to capitalize on the thriving Delray Beach real estate market.
Value Estimation
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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
- -80.066
- Latitude
- 26.4798
