Property Description

This property consists of two parcels combined. The building is 6,011 square feet and has 22 office suites with 14 parking spaces on site and the square footage of the lot is 13,319. Across the street is a 23,996 square foot parking lot with 51 spaces. Great development opportunity in the heart of Delray or a great opportunity to own an income producing property downtown. Currently with a gross income of $240,000. If you are interested we are happy to discuss and provide you with any information needed. There are plans to redevelop the property and build a 51 room extended vacation hotel. Generate cash flow while you finalize the building plans. Ask about our various acquisition options: fee simple purchase, fee simple and land lease, and land lease options.

Property Features
2017
: Public Water, Electric, Water Available
Realtor Association of the Palm Beaches (RAPB)
Tammy L Springer
Additional Information
: Central
: Tar/gravel
: Tile, Laminate

Commercial/industry

Delray Beach, Florida 33483

$4,475,000
Listing ID #RX-10403041
Basic Details
Property Type : Commercial/industry
Listing Type : For Sale
Listing ID : RX-10403041
Price : $4,475,000
Baths - Total : 3.00
Living Sq Ft : 6,011 Sqft
Year Built : 1948
Country : US
State : FL
County : Palm Beach
City : Delray Beach
Zipcode : 33483
Type : Executive Suite Complex
Status : Active
Subdivision : DELRAY TOWN OF

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Contact Info

Engel & Völkers Wellington
10620 Forest Hill Blvd., Suite 40
Wellington, Florida 33414

+1 (561) 906-7007

Dr.TravisLaas@gmail.com

All listings featuring the RPBGFL  MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2023 by Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.