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1601 NE 3RD AVE Delray Beach, FL
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Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,146 sqft
Price per Sqft $291
MLS Listing ID B26069794
Sold Date 11/03/26
Construction Status Resale
HOA Y/N No
Year Built 1974
Annual Tax Amount $11,290
Tax Year 2025
Contingent None
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 CBS (Concrete Block Structure),Block
New Construction No
Construction Status Resale
Others
Tax ID 12434609190001081
Security Features None
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Financing Other
Special Listing Condition Standard, Listed As-Is
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Bought with Sean Walter Reardon London Foster Realty
NEARBY SCHOOLS & BUSINESSES
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