$2,100,000
1601 NE 3RD Avenue
Delray Beach, FL
Explore the area: Delray Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- Asking price
- $2,100,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 6
This commercial property went under contract with an asking price of $2,100,000. It spent 6 days on the market before going under contract.
Estimated monthly payment
$11,036 /mo
Principal and interest only, based on $420,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,100,000
- Days on Site
- 6 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 5,146 sqft
- Lot Size
- 0.29 Acres
- Year Built
- 1974
- Property Type
- Commercial
- MLS #
- B26069794
- Property Tax
- $11,291 (2025)
- County
- Palm Beach
- Status
- Under Contract
- Special Conditions
- Standard / Listed As Is
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Under Contract
- Year Built
- 1974
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Lot Size (Acres)
- 0.29
- Total Sq Ft
- 5,146
- Sewer
- Public Sewer
- Water Source
- Multiple Meters / Public
- Zoning
- R-1-A (city)
Interior Features
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Composition
- Lot Features
- Quarter To Half Acre Lot
Community & HOA
- Security
- None
- Utilities
- Cable Available / Electricity Connected / Sewer Connected
- Financing Terms
- Cash / Exchange1031
- MLS Area
- 4360
About the Area
Delray Beach homes for sale run from $225K downtown condos to $10,000,000+ oceanfront estates. Atlantic Avenue condos start at $225K; oceanfront estates on the barrier island start at $2,500,000. Tropic Isle and Rainberry Bay sit in the $400K to $700K range. Valencia Cove and Saturnia Isles, west of Lyons Road, make up about 35% of resale volume. Atlantic Avenue itself is three blocks from the beach. The city has won the All-America City award three times. Delray Beach covers 16 square miles, with Boynton Beach to the north and Boca Raton directly south.
- Homes for Sale
- 1,513
- Under Contract
- 450
- Median List Price
- $285,000
- Median Sale Price (September)
- $410,000
- Median $/Sq Ft
- $237
- Avg Days on Market
- 113
Frequently Asked Questions
- How do I schedule a tour of 1601 NE 3RD Avenue, Delray Beach, FL?
- Use the Tour button on this listing to request a showing of 1601 NE 3RD Avenue, Delray Beach, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1601 NE 3RD Avenue, Delray Beach, FL still available?
- 1601 NE 3RD Avenue, Delray Beach, FL is currently listed as Under Contract, and has been on the market 6 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1601 NE 3RD Avenue, Delray Beach, FL?
- With 20% down ($420,000) on the $2,100,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1601 NE 3RD Avenue, Delray Beach, FL is about $11,036/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1601 NE 3RD Avenue, Delray Beach, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1601 NE 3RD Avenue, Delray Beach, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1601 NE 3RD Avenue, Delray Beach, FL?
- Often, yes. The right offer on 1601 NE 3RD Avenue, Delray Beach, FL depends on how it's priced against comparable commercial sales in Delray Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Century 21 Realty Professionals
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$2,100,000
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Listed by Abbey Adair, Century 21 Realty Professionals
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