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    OFF-MARKET
    Commercial real estate

    2800 Florida Blvd, Delray Beach, FL 33483

    0.6 ac lot
    Property ID
    US18-7714146
    Property summary
    AI-generated overview

    This exceptional 0.6-acre parcel in Delray Beach, Florida, presents a prime opportunity to acquire a shovel-ready development project. Approved plans are in place for the construction of seven luxurious, contemporary townhomes within the exclusive Tropic Isle waterfront community. The project, known as Delray Isles Townhomes, is ideally situated minutes from vibrant Downtown Atlantic Avenue and pristine beaches. Each of the planned two and three-story residences will boast 4 bedrooms and 4.5 bathrooms, featuring bespoke designs with private pools, outdoor kitchens, expansive terraces, and rooftop decks. The townhomes will range from 2,924 to 3,092 square feet of air-conditioned living space, with a total project area of 28,532 square feet. The property is zoned RM and is currently awaiting final city permitting, allowing for immediate groundbreaking. Construction financing is already secured, and details are available upon request. The asking price for this exceptional development opportunity is $3,750,000. All information provided is subject to verification. Joint venture opportunities are also being considered.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.6 ac (26,136 SF)
    APN 12-43-46-28-A3-000-0010
    UPID US18-7714146
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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