401 6th Ave Delray Beach, FL 33483-5607

This exceptional mixed-use investment opportunity in Delray Beach, Florida, presents a compelling value-add proposition. Situated on a 0.31-acre lot at the hard corner of NE 6th Avenue and Federal Highway, just half a mile north of Atlantic Avenue, this property boasts a coveted CBD zoning designation. The zoning permits a wide array of uses and densities, potentially allowing for up to nine multifamily units, depending on the development configuration. Alternatively, the prominent corner location offers significant potential for retail development, particularly given its proximity to a Publix supermarket across the street. The site currently features a 3,780 square foot industrial building, leased on a short-term basis, generating immediate income while entitlements are pursued. The property's total square footage is 13,486 square feet, with 10 parking spaces available. A recent Phase II environmental assessment has been completed, confirming the site's suitability for redevelopment. The signalized hard corner location provides multiple ingress/egress points, enhancing accessibility and visibility. This property offers a unique blend of immediate income and significant long-term upside potential in a highly desirable location. The year built is 1967, and the property consists of one building with 100% occupancy.