Available For Sale - Land

13,503 SF | Show Pricing $

LISTED BY

Elon Gerberg
SVN | Commercial Partners, 561-485-1129

AVAILABILITY DETAILS

Size
13,503 SF
Price/SF
Show Pricing $
Listing ID
SA472400
Notes
SVN Commercial Partners, as exclusive advisors, proudly presents for sale Fed & 4th (the “Property”), a prime +/- 0.31-acre development site situated on a signalized corner, a mere four blocks north of the renowned Atlantic Avenue in downtown Delray Beach, Florida. A recently conducted phase-II environmental report has confirmed the site's cleanliness, with no further action required. The clean Phase-II environmental report may be transferred to purchaser for reliance, assuring prospective developers of a sound environmental foundation for their projects.



The Property is currently leased to Duro Tran Transmission who has occupied an automotive building on the property for more than a decade. The Property also offers 20 parking spots (5.58/1,000 square feet).



The existing short-term lease provides steady income, thereby mitigating holding costs for potential developers as they navigate through the approval and entitlement process. With its ideal location, signalized corner, tenant with short-term lease, and flexible zoning; Fed & 4th presents an exceptional redevelopment opportunity, ideal for luxury residential, retail, office, medical, or mixed-use. Offered at approximately 12.5% below the average price per acre at $8M/acre, this represents a compelling investment opportunity, providing investors with the potential to acquire prime real estate at a below-market cost. Don't miss the chance to seize this unique opportunity to be part of the vibrant growth and development in downtown Delray Beach.
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Elon Gerberg, SVN | Commercial Partners