Active

306 NE 2nd Street

Delray Beach FL, 33483

$8,100,000


$216.22 per sqft

Active

37,462 sqft

Commercial

Built in 1948

This property consists of two parcels combined. The building is 6,011 square feet and has 22 office suites with 14 parking spaces on site and the square footage of the lot is 13,319. Across the street is a 23,996 square foot parking lot with 51 spaces. Great development opportunity in the heart of Delray or a great opportunity to own an income producing property downtown. Currently with a gross income of $240,000. If you are interested we are happy to discuss and provide you with any information needed. There are plans to redevelop the property and build a 51 room extended vacation hotel. Generate cash flow while you finalize the building plans. Ask about our various acquisition options: fee simple purchase, fee simple and land lease, and land lease options.

R10721769

MLS ID

June 5, 2021

Listed

February 16, 2024

Updated

Map

306 NE 2nd Street
Delray Beach FL, 33483

Interior Features

Total Stories

2


Floor Description

Laminate, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.86 Acres


Roof

Tar/Gravel

Other Property Details

Area Name

4460


Taxes

$42,058


Tax Frequency

Annually


Days on Market

739


Garage

No


View

No


County

Palm Beach County


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

6/14/2023

Price Change

$8,100,000

4%

Listed by Tammy Springer, with Van Arnem Properties Inc.
Listing Contact: (561) 272-2912 

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

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Data last updated 4:34 AM UTC, 2/16/2024

 

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