2400 Federal Hwy Delray Beach, FL 33483-6131

This exceptional mixed-use property, located at 2400 N Federal Highway in Delray Beach, Florida, presents a unique investment opportunity. Currently zoned and designed for the development of sixteen luxury condominiums, this 14,875 square foot site offers significant potential for high-end residential development. The property boasts a 100% occupancy rate and is situated on a prime location in the thriving Federal Highway corridor, just north of Downtown Delray Beach. Detailed plans for the proposed 16-unit luxury condominium development are available upon request. Each condo is envisioned to offer between 2,500 and 2,800 square feet of luxurious, climate-controlled living space. The property was built in 1951 and is offered at an asking price of $7,200,000. While the lot size is not specified, the existing building footprint and development plans provide a clear understanding of the buildable area. This is an exceptional opportunity to capitalize on the strong Delray Beach real estate market and create a premier luxury condominium community. The property's current 100% occupancy provides immediate return on investment, while the future development potential offers significant long-term growth. This prime location and the detailed plans available make this a truly compelling investment proposition. Contact us today to learn more about this remarkable opportunity.