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248 Se 1st Avenue, Delray Beach, FL – $1,999,000

  • $2M Price
  • $2M Price

248 Se 1st Avenue

Prime Development Opportunity! This corner lot is perfectly poised for transformation in the heart of Downtown Delray. Its strategic location conveniently positioned just 3 blocks from Atlantic Ave & near Delray's inviting beaches, offers an unparalleled opportunity for visionary investors and developers to shape the future of this ever-flourishing neighborhood. With its coveted proximity to the bustling hub of Atlantic Ave, renowned for its eclectic mix of shops, restaurants, and cultural experiences, this development site has completed schematic designs by renowned Silberstein Architecture. Future developer has the ability/benefit of stepping into the current schematic design, accelerating the permit submission process. The current plans display a possible (3) luxury condominium designfor the site, seamlessly blending urban convenience with coastal charm. Development Details and Renderings available upon request. As you explore the area, you'll witness the winds of development sweeping through, notably with the Sundy Village redevelopment project just a few blocks away. This is a testament to the area's momentum and the endless possibilities for growth and investment. Don't let this opportunity slip through your fingers. The time is ripe to turn your vision into reality and leave an indelible mark on this highly sought-after, and rare development opportunity.

Essential Information

  • MLS® #RX-10987210
  • Price$1,999,000
  • TypeLand / Boat Docks
  • Sub-TypeSingle Family Detached
  • StyleNo
  • StatusActive

Community Information

  • Address248 Se 1st Avenue
  • Area4370
  • SubdivisionDELRAY TOWN OF
  • CityDelray Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33444

Amenities

  • UtilitiesElectric

Exterior

  • Lot Description1/4 to 1/2 Acre

Additional Information

  • Listing Courtesy ofDouglas Elliman (Palm Beach)
  • Date ListedMay 14th, 2024
  • ZoningRM(cit
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