341 2Nd Ave Delray Beach, FL 33483
- Mobile home & RV parks
- 0.31 lot acres
Current Use by Public Records
- Mimose's Hair & Nail Design / Beauty Salon
- Optimum Financial / Financial Planner
Property Details for 341 2Nd Ave
- Lot size
- 0.31 lot acres
- Zone code
- CBD
- Property type
- Mobile home & RV parks
- APN
- 12-43-46-16-01-081-0030
- APU
- 12434616010810030
Description
This exceptional mixed-use property at 341 SE 2nd Avenue in Delray Beach, Florida, presents a unique investment opportunity. Boasting 4,960 square feet on a double lot totaling 13,260 square feet, this 7-unit building offers significant upside potential. Constructed in 1957, the property benefits from a highly desirable CBD-RC zoning designation in the thriving SofA District, allowing for both residential and commercial uses. The zoning permits the construction of a mixed-use building up to five stories high, significantly increasing the potential density. Current zoning allows for 30 units per acre, with the possibility of 70 units per acre if 20% of the units are designated as workforce housing. The property's versatility extends to light industrial, warehouse, and multi-family uses. Currently, the building houses long-term, month-to-month tenants, providing a stable income stream for the new owner. Its prime location, just blocks from Atlantic Avenue and the beach, ensures high visibility and strong rental demand. This is a rare opportunity to acquire a substantial property in a rapidly developing area with significant redevelopment potential. The asking price is $3,150,000. Serious inquiries only. Please do not disturb tenants.
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
- -80.071
- Latitude
- 26.4687
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
