355 NE 5th Avenue 0080

Listing Snapshot

Price

$13,895,000

Days on Site

2 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

12,077 sqft

Lot Size

0.57 Acres

Year Built

1982

Property Type

Commercial

MLS #

A12049834

Property Tax

$11,315

County

Palm Beach

Status

Active

About This Property

Prime Delray Beach Land Assemblage & Investment OpportunityThis exceptional offering presents a rare opportunity to acquire a contiguous three-parcel land assemblage totaling more than one acre, strategically located just three blocks north of Atlantic Avenue in the heart of East Delray Beach. Positioned along highly visible Federal Highway, this unique asset offers an attractive combination of immediate cash flow, value-add potential, and long-term redevelopment opportunities in one of South Florida's most sought-after coastal markets. The property is currently improved with multiple income-producing buildings that generate strong, stable rental income, providing investors with immediate returns while preserving significant future upside. Additional value can be realized through leasing vacant suites, optimizing rental rates to market levels, or pursuing redevelopment under the property's favorable zoning.nvestment HighlightsOver 1 acre of contiguous land with desirable CBD zoning, allowing for high-density mixed-use redevelopment.Prime East Delray Beach location on Federal Highway, just three blocks from the vibrant shops, restaurants, and entertainment of Atlantic Avenue. Excellent accessibility, with convenient access to Interstate 95 and minutes from Delray Beach's award-winning beaches. Strong in-place cash flow supported by high occupancy and consistent rental income. Value-add opportunity through lease-up of vacant suites and market rent adjustments.

General Features

Property Type

Commercial

Status

Active

Year Built

1982

Lot Size (Acres)

0.57

Total Sq Ft

12,077

Structure Type

Retail

Zoning

CBD (cit

Community & HOA

MLS Area

4220