Heather Hosking - Arterra Realty Logo
$13,895,000
( $1150.53Per Sq Foot )
 $74,591 est/mo Sourced by Back At You

355 NE 5th Avenue 0080,Delray Beach, FL 33483

Delray Beach, FL 33483

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Description

Prime Delray Beach Land Assemblage & Investment OpportunityThis 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, stable 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 HighlightsOver 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.

Details

MLS #A12049834
Listing TypeFor Sale
StyleMixeduse
Sub-TypeResale
StatusActive
Year1982
Days On Site94
Listing Provided ByXcellence | Paul Jacques

Features

SQ Feet12,077
ZoningCBD (cit
Acreage0.57

Taxes

Tax Annual Amount11315

Area Information

StateFL
CountyPalm Beach
CityDelray Beach
Zip Code33483
Area4220
Listing VS Median (in 33483)
Price:
$13,895,000
low | high
Med:
$385,000
100% of Average
sqft:
12,077
low | high
Med:
1,200
100% of Average
$ / sqft:
$1,151
low | high
Med:
$321
100% of Average
On site:
94
low | high
Med:
128
73.4375% of Average
Sourced by Back At You

Market Activity 33483

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateFL
CountyPalm Beach
CityDelray Beach
Zip Code33483
Area4220
Listing VS Median (in 33483)
Price:
$13,895,000
low | high
Med:
$385,000
100% of Average
sqft:
12,077
low | high
Med:
1,200
100% of Average
$ / sqft:
$1,151
low | high
Med:
$321
100% of Average
On site:
94
low | high
Med:
128
73.4375% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 1:28:40 AM PDT