Property 1601 NE 3RD Avenue, Delray Beach, FL for sale with MLS# B26069794
Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.
1601 NE 3RD Avenue, Delray Beach, FL
- Price:
- $2,100,000.00
- Original List Price:
- $2,100,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Business Type:
- Residential
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 28, 2026 11:06 pm
- Other Special Conditions:
- Sold As-is
- Built-Up Area:
- 5,146 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.29
- Air Conditioning
- Air Conditioning System:
- Central Air, Electric
- Heating
- Heating System:
- Central, Electric
- Year Built:
- 1974
- Roof:
- Composition
- Number of Buildings:
- 1
- Number of Units Total:
- 6
- Construction Materials:
- CBS
- Number of stories:
- 2
- Stories:
- 2
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $11,290.53
- Tax Year:
- 2025
- Tax Assessed Value:
- $553,234.00
- Parking Total Spaces:
- 12
- Sewer:
- Public Sewer
- Electric:
- Other
- Utilities Available:
- Cable Available, Electricity Connected, Sewer Connected
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Deed, Aerial Photo(s), Photos
- Listing Terms Considered by Seller:
- Cash, 1031 Exchange
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
- Tax Legal Description:
- PLUMOSA PARK SEC A S 48 FT OF LT 108 & N 27 FT OF LT 109
- Real Estate Folio Number (Parcel Number):
- 12434609190001081
- Zoning:
- R-1-A (city)
- Active on the market since:
- August 28, 2026
- Listing Agreement executed on:
- August 28, 2026
- Listing Status Last Changed On:
- August 28, 2026 11:06 pm
- Photos updated on:
- August 28, 2026 11:06 pm
- Last Modified:
- August 28, 2026 11:59 pm
- Courtesy of:
- Century 21 Realty Professionals
- Attribution:
- Not provided
- Street Name:
- 3RD
- Street Number:
- 1601
- City:
- Delray Beach
- State:
- Florida
- County:
- Palm Beach
- Latitude:
- N26° 28' 52.4''
- Longitude:
- W81° 55' 56.6''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- NE
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