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Bryan Cantrell | Real Estate Agent

0 W Atlantic Avenue, Delray Beach, FL 33444

$15,000,000.00
  • 0 W Atlantic Avenue, Delray Beach, FL 33444 Main Photo

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Active
LOT SIZE 0.467 acres MLS#R11146230
STATUSActive PROPERTY TYPELand - Commercial SUBDIVISIONATLANTIC PINES

Property Description

This +20,330.80 SF (+0.47 AC) land assemblage along West Atlantic Avenue represents a rare, highly visible infill opportunity within Delray Beach's Central Business District (CBD), West Atlantic Neighborhood sub-district. The site offers dual corner.''A rare opportunity to develop a mixed-use project in the heart of Downtown Delray Beach's Central Business District, offering retail, office or medical uses at street level with residential above-all along prestigious Atlantic Avenue.''Positioned along one of South Florida's most vibrant and established urban corridors, this +20,330.80 SF development site presents a rare opportunity to create a signature mixed-use project in the heart of Delray Beach's Central Business District.SEE MORE FOR COMPLETE DETAILS A rare opportunity to develop a mixed-use project in the heart of Downtown Delray Beach's Central Business District, offering retail, office or medical uses at street level with residential above all along prestigious Atlantic Avenue.Positioned along one of South Florida's most vibrant and established urban corridors, this +20,330.80 SF development site presents a rare opportunity to create a signature mixed-use project in the heart of Delray Beach's Central Business District.Strategically located east of Interstate 95 with multiple points of frontage and visibility along Atlantic Avenue, the site spans from W. 12th Avenue to NW 11th Avenue, anchoring a prominent downtown block with exceptional access, traffic exposure, and walkability.Zoned CBD-Central Business District (General Commercial), the property is ideally suited for a vertical mixed-use development, combining ground-floor retail, office or medical uses with residential condos or apartments above the very product type driving demand and valuation in Downtown Delray Beach.Walkable to downtown shops, restaurants, arts district, nightlife, and transit. Strong demographics, tourism, and residential growth supporting absorption. Scarcity of remaining infill development sites on Atlantic Avenue.This is not simply a land acquisition it is a platform for creating a landmark downtown asset that complements Delray Beach's urban fabric while delivering institutional-grade performance. Well-executed, a development on this site has the potential to become a cornerstone project along Atlantic Avenue, benefiting from both immediate market demand and long-term urban infill dynamics.A vertical massing strategy with commercial uses activating Atlantic Avenue at grade and residential stacked above aligns with both market demand and the City's downtown vision. Height and massing should be evaluated within the CBD framework to optimize:Conceptual Site Narrative:20,330.80 SF Mixed-Use Development Site. Prime Infill Mixed-Use Site | Atlantic Ave & 11th-12th Avenues | Delray Beach, FL.This +20,330.80 SF (+0.47 AC) land assemblage along West Atlantic Avenue represents a rare, highly visible infill opportunity within Delray Beach's Central Business District (CBD), West Atlantic Neighborhood sub-district. The site offers dual corner exposure at NW 11th Avenue and W. 12th Avenue with continuous Atlantic Avenue frontage, creating excellent identity and access for a future mixed-use project.Planning / Zoning Framework (CBD-General Commercial / West Atlantic Neighborhood)Zoning: CBD-Central Business District, West Atlantic Neighborhood sub-district (General Commercial context).Density & FAR-Conceptual Assumptions3.1 Code-based density framework (du/ac)From the CBD dimensional table (West Atlantic Neighborhood column):Base residential density: 12 du/acre in the West Atlantic Neighborhood CBD sub-district, with a note referencing the CBD Incentive Program for potential density increases. On this +0.47-acre site (+20,330.80 SF): Base CBD density (12 du/ac) ?? 5-6 units.CBD incentive provisions may allow increases (e.g., toward 30 du/ac, subject to program criteria and approvals).Uses by right / principally permitted (per CBD table):

Property Features

Property Type: Land - Commercial
Days on Market: 115
Lot Size: 0.47 Acres
Taxes: $26,341

Feature Descriptions

Lot: Curbs
Lot: Curbs
Lot Dimensions: 0
Parcel#: 12434617170010100
Utilities: Cable Available, None, Sewer Available, Water Available
Utilities: Cable Available, None, Sewer Available, Water Available
Water: Public

Listed By / Shown By

Listed By

Agency Name: The Keyes Company

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Estimated Payment

$ 69,529.93 per month $62,959.84 Principal & Interest $2,195.08 Property Tax $4,375.00 Homeowner's Insurance

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