1601 NE 3RD Avenue, Delray Beach, FL
About this property
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.
Property facts
- Sqft
- 5,146
- Year Built
- 1974
- Location
- Delray Beach, FL 33444
- County
- Palm Beach County
- FEMA flood zone
- Zone X, minimal risk
- Ground elevation
- 18.4 ft
- Hurricane evacuation zone
- Not in a designated evacuation zone
- Distance to the coast
- 0.4 mi
Sources: FEMA National Flood Hazard Layer (panel 12099C0977G, effective 2024-12-20), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-02. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.