About This Home
This 0-bedroom, 0-bathroom single family at 355 NE 5th Ave in Delray Beach, FL is listed for $13,895,000. Built in 1982, on a 0.57 acres lot.
Key Features
- Built in 1982
- 0.57 acre lot
Property Details
Prime Delray Beach Land Assemblage & Investment Opportunity This 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, stab
le 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 Highlights Over 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.
Monthly Cost Estimate
$74,313/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
355 NE 5th Ave
Delray Beach, FL 33483
Questions & Answers
This 0-bedroom, 0-bathroom single family at 355 NE 5th Ave is listed at $13,895,000. The estimated monthly payment is $74,314 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1982, 0.57 acre lot.
This property is listed by Paul Jacques and can be reached at 5614419695.
