655 George Bush Blvd Delray Beach, FL 33483-5715
This exceptional mixed-use property presents a compelling development opportunity in Delray Beach, Florida. Located at 655 George Bush Boulevard, this 18,263 square foot building, constructed in 2023, is currently vacant and ready for immediate development. The property boasts a strategic location east of Federal Highway, offering excellent visibility and accessibility. The building's design incorporates four office suites totaling 3,757 square feet across the first and second floors, and three residential townhomes encompassing 6,325 square feet on the second and fourth floors. Ample parking is provided with 20 spaces, including 10 covered spots, along with dedicated bike storage, an electrical room, and a pump room. The project has received SPRAB approval and is currently in the permitting process. This is a unique chance to acquire a substantial, newly built property with significant potential for diverse uses and strong returns. The asking price is $2,750,000. Note that the information provided is subject to errors, omissions, and changes without notice. The property is not being sold subject to obtaining permits.
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bcbs Auto Parts Store Waste Management Facility
The General Commercial (GC) District provides basic regulations for small parcels which are best suited for general retail and office uses. In addition, this district has regulations in the Four Corners Overlay District that encourages mixed use development that may include retail, office, and multi-family uses. The GC designation is applied to small parcels…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Delray Beach, FLThe General Commercial (GC) District provides basic regulations for small parcels which are best suited for general retail and office uses. In addition, this district has regulations in the Four Corners Overlay District that encourages mixed use development that may include retail, office, and multi-family uses. The GC designation is applied to small parcels, most of which are developed, where adherence to standard regulations is most appropriate
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.