375 SE 2Nd Ave, Delray Beach, FL 33483
- Showrooms
- 3,304 SF
- 0.15 lot acres
Current Use by Public Records
- Ramsey shop / Auto Repair Shop
- SEVENS TIRE SHOP LLC / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 375 SE 2Nd Ave
- Year built
- 1949
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Zone code
- CBD
- Property type
- Showrooms
- APN
- 12-43-46-16-04-088-0100
- APU
- 12434616040880100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 23, 2015 | — | Cox,florence R Trust | Cox Florence R & Garland A | Quit Claim Deed · related | — |
| Mar 2, 2015 | — | Florence R Cox | Cox Garland A & Florence R | Quit Claim Deed · related | — |
| Apr 22, 2005 | $150,000 | Garland A Cox | Newcomer,martha M | Warranty Deed | — |
Description
This exceptional 0 sq ft lot at 375 SE 2nd Avenue in Delray Beach, Florida, presents a unique investment opportunity. Located in the heart of the Central Business District (CBD), this property boasts RC zoning, permitting both residential and commercial development. The current zoning allows for a density of 30 units per acre, and the site is approved for construction up to four stories high. Currently designated as Special Purpose, this 1-unit property, built in 1949, offers significant redevelopment potential. Demolition permits have already been submitted, streamlining the process for future construction. This property is particularly attractive due to its location and zoning flexibility, making it ideal for a mixed-use development or multi-family project. Consider this property as a standalone investment or as part of a larger portfolio, as it can be combined with adjacent properties at 369 SE 2nd, 383 SE 2nd, and 391 SE 2nd Avenues for a larger-scale development project. The asking price for this prime Delray Beach location is $6,400,000. This represents a rare chance to acquire a strategically located parcel in a thriving Florida market. The property's central location offers easy access to local amenities, transportation, and the vibrant Delray Beach community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $950,000
- 6.5%
- $875,000
- 7%
- $815,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0707
- Latitude
- 26.4548
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
