Amazing Opportunity to Purchase Land & Build Up to a 34-Unit Condo in Upscale Delray Beach
This is a developer’s dream. A parcel of land that has not been on the market for over 75 years. This 1.18 combined lot is expected to be zoned to allow up to a 34-unit condominium to be built with onsite parking on a prime location in the upscale downtown Delray Beach area.
Location is often said to be “everything,” and this parcel of land is located just .2 miles from the Intracoastal Waterway, 5-minutes from Gulfstream and Atlantic Avenue, and about 30-minutes from both Palm Beach and the Palm Beach International Airport.
For the developer with the right vision, this location can be designed and built to be one of the premier condominiums in south Florida, with amenities and access to some of the area’s most popular and best shops, restaurants, and nightlife just minutes away.
The demand for quality condominium properties by homeowners continues as Florida’s population soars and people are leaving the northeast for a better lifestyle. There are so few new condos being built in the booming south Florida market, especially in high demand areas like Delray Beach, that for the investor and developer who see the opportunity potential of this unique property, it could be their next major investment success.