1601 NE 3RD AVE, Delray Beach, FL
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1601 NE 3RD AVE, Delray Beach, FL
1601 NE 3RD AVE, Delray Beach, FL
1601 NE 3RD AVE, Delray Beach, FL
1601 NE 3RD AVE, Delray Beach, FL
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 2,100,000
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1601 NE 3RD AVE Delray Beach, FL

5,146 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,146 sqft

Price per Sqft $408

MLS Listing ID B26069794

Construction Status Resale

HOA Y/N No

Year Built 1974

Annual Tax Amount $11,290

Tax Year 2025

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Multi Family

Property Description

Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.

Location

State FL

County Palm Beach

Area 4360

Zoning R-1-A (city)

Interior

Interior Features InteriorFeatures

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Connected, Sewer Connected

Water Access Desc Multiple Meters,Public

Roof Type Composition

Accessibility None

Total Parking Spaces 12

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Multiple Meters, Public

Level or Stories Two

Structure Type Block

New Construction No

Construction Status Resale

Others

Tax ID 12434609190001081

Security Features None

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard, Listed As-Is

Virtual Tour https://www.propertypanorama.com/1601-NE-3RD-Avenue-Delray-Beach-FL/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Abbey Adair Century 21 Realty Professionals

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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1601 NE 3RD AVE