This property is 4.868 acres of raw land, ideal for garden apartment or townhome development, or senior living / assisted living facilities. The Flo Delray Overlay District doubles allowable density to 24 du/ac (116 units max), with allocation of 20% of units to workforce households. Alternatively, the District allows 12 du/ac (58 units max) with no income restrictions. The property directly adjoins Atlantic Avenue via an access easement through the adjacent shopping center, owned by Kimco Realty Corp. A short drive from Downtown Delray and the beaches, the subject property sits midway between Interstate 95 and Florida’s Turnpike. Demand drivers in Delray are exceptionally strong and promise secular growth into the foreseeable future. Inexpensive construction costs and surface parking offer great value in a prized metro area. This is an exceptionally rare, greenfield development opportunity in the City of Delray Beach, Florida.