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For Sale Available Listing #85030

Commercial For Sale — $23,000,000 — 2419-2605 N Federal Hwy, Delray Beach – #85030

2419-2605 N Federal Hwy · Entire Property · Delray Beach, FL 33483
CommercialProperty type
Quick Unit Specs
For Sale
$23,000,000 Asking Price
— Price / SF
— Cap Rate
— NOI
505 / 568 days Days on market / avg to sell
The Space
— Sq Ft
Commercial Type
Entire Property Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
— Estimated Parking
— Parking Ratio
Location Map Click to explore · switch to satellite inside the map
Floor Plan
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Building Description
Executive Summary
**FULLY APPROVED FOR 47 LOTS** Welcome to an exceptional real estate opportunity at 2419 N Federal Hwy, Delray Beach, FL 33483. This expansive vacant land is primed for development, with plans underway for a community of 47 townhomes. Perfectly positioned along the vibrant N Federal Highway, this location offers unparalleled access to Delray Beach's finest amenities, including shopping, dining, and recreational activities, while providing a serene residential setting. Imagine creating a modern, upscale neighborhood that appeals to both families and professionals seeking the ideal blend of convenience and tranquility. With its strategic location and significant development potential, this property represents a rare chance to capitalize on the thriving Delray Beach market.
Approved Uses by Zoning — General Commercial (GC - General Commercial)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
General retail uses and/or facilities, including but not limited to: antiques, General retail uses and/or facilities, including but not limited to: arts and crafts, General retail uses and/or facilities, including but not limited to: automotive parts, General retail uses and/or facilities, including but not limited to: baked goods, General retail uses and/or facilities, including but not limited to: books, General retail uses and/or facilities, including but not limited to: carpet and floor covering, General retail uses and/or facilities, including but not limited to: cheeses, General retail uses and/or facilities, including but not limited to: beer, General retail uses and/or facilities, including but not limited to: wine, General retail uses and/or facilities, including but not limited to: liquor, General retail uses and/or facilities, including but not limited to: confectioneries, General retail uses and/or facilities, including but not limited to: cosmetics, General retail uses and/or facilities, including but not limited to: meats, General retail uses and/or facilities, including but not limited to: draperies and slipcovers, General retail uses and/or facilities, including but not limited to: pharmacies, General retail uses and/or facilities, including but not limited to: electrical fixtures and supplies, General retail uses and/or facilities, including but not limited to: fabrics, General retail uses and/or facilities, including but not limited to: fish, General retail uses and/or facilities, including but not limited to: flowers and plants, General retail uses and/or facilities, including but not limited to: fruits and vegetables, General retail uses and/or facilities, including but not limited to: food, General retail uses and/or facilities, including but not limited to: garden supplies, General retail uses and/or facilities, including but not limited to: gifts, General retail uses and/or facilities, including but not limited to: glassware, General retail uses and/or facilities, including but not limited to: hardware and paints, General retail uses and/or facilities, including but not limited to: home furnishings, General retail uses and/or facilities, including but not limited to: ice cream, General retail uses and/or facilities, including but not limited to: lawn care equipment, General retail uses and/or facilities, including but not limited to: leather goods, General retail uses and/or facilities, including but not limited to: luggage, General retail uses and/or facilities, including but not limited to: medical and surgical equipment, General retail uses and/or facilities, including but not limited to: music and musical instruments, General retail uses and/or facilities, including but not limited to: nautical supplies, General retail uses and/or facilities, including but not limited to: office furniture equipment and supplies, General retail uses and/or facilities, including but not limited to: pets and pet supplies, General retail uses and/or facilities, including but not limited to: photographic equipment and supplies, General retail uses and/or facilities, including but not limited to: sewing supplies, General retail uses and/or facilities, including but not limited to: sporting goods, General retail uses and/or facilities, including but not limited to: toys, General retail uses and/or facilities, including but not limited to: wearing apparel and accessories, General retail uses and/or facilities, including but not limited to: appliances, General retail uses and/or facilities, including but not limited to: bicycles, General retail uses and/or facilities, including but not limited to: business machines, General retail uses and/or facilities, including but not limited to: jewelry, Business, professional and medical uses: interior decorating, Business, professional and medical uses: medical and dental clinics, Business, professional and medical uses: medical and dental laboratories, Business, professional and medical uses: photographic studios, Business, professional and medical uses: printing and publishing, Business, professional and medical uses: business offices, Business, professional and medical uses: professional offices, Business, professional and medical uses: medical offices, Contractor's offices (air conditioning, general contractor, electrical, painting, plumbing; no outside storage of materials), Services and facilities: auctions, Services and facilities: barber and beauty shops and salons, Services and facilities: caterers, Services and facilities: dry cleaning (on-site processing for customer pickup only), Services and facilities: dry cleaning and laundry pickup stations, Services and facilities: financing, e.g. banks and similar institutions, including drive-through facilities, Services and facilities: laundromats (self-service facilities only), Services and facilities: restaurants, including drive-in and drive-through, Services and facilities: tailoring, Services and facilities: tobacconist, Services and facilities: vocational schools (limited to arts and crafts, business, beauty, dancing, driving, gymnastics, photography, modeling, karate-judo), Services and facilities: small item repair, Services and facilities: Neighborhood Electric Vehicle (NEV) sales, lease or rental transactions only (no inventory on-site for any purpose), Services and facilities: rental of sporting goods and equipment, e.g. bicycles, skates, boogie boards (rented sporting goods must be non-motorized, except bicycles with an electric-helper motor), Abused spouse residence with 40 or fewer residents, Galleries, Broadcast studios, Butcher shops, Cocktail lounges, Exercise facilities, e.g. gyms and clubs, Indoor shooting ranges, Museums, Libraries, Newsstands, Commercial or public parking lots and parking garages, Theaters (excluding drive-ins), Dwelling units in the same structure as commercial uses (commercial on ground floor occupying at least 25% of structure excluding vehicular areas; residential not on ground level; separate accessways; density max 12 units/acre; Four Corners Overlay up to 30 du/ac), Astrologists, clairvoyants, fortune tellers, palmists, phrenologists, psychic readers, spiritualists, numerologists and mental healers (subject to locational restrictions of Sec. 4.4.9(H)(3)), Community Residence housing four to ten individuals (at least 660 linear feet from another community residence housing four or more; operator licensed/certified/accredited/recognized as stated in code), Tattoo Establishments (per Sec. 4.3.3(ZB)), Urban Agriculture (per Sec. 4.3.3(D)), CBD oil establishments (per Sec. 4.3.3(CC)), Veterinary clinics (subject to Sec. 4.3.3(W))
With special approval
Amusement game facilities, Wash establishments or facilities for vehicles, Child Care and Adult Day Care, Clubs and Lodges; social, fraternal and recreational (not exceeding 3,500 sq ft gross floor area), Drive-in Theaters, Flea Markets, bazaars, merchandise marts, and similar retail uses, Funeral Homes, Gasoline Stations or the dispensing of gasoline directly into vehicles, Hotels and Motels, Free-standing multiple-family housing (subject to RM District requirements except setback and height), Recreational establishments such as bowling alleys, gymnasiums, health spas, miniature golf courses, skating rinks, Sales and service of All Terrain Vehicles and personal watercraft (waverunners, jet skis), with no outside display, outside storage or outside service, Vehicle care limited to changing of oil and filters and lubrication (no mechanical work or outside storage of vehicles except as part of a gasoline station), Pet services and pet hotels (subject to Sec. 4.3.3(W)), Group Home, Type 2 and Community Residential Homes (per Sec. 4.3.3(I)), Adult Gaming Centers, Churches or places of worship and attendant Sunday school, recreational and columbarium facilities (not exceeding 3,500 sq ft gross floor area; no elementary school or general day care), Assisted Living Facilities not meeting definition of community residence, Nursing Homes, and Continuing Care Facilities (subject to RM District requirements except setback and height), Large Family Child Care Home (subject to Sec. 4.3.3(TT)), Community Residence housing four to ten individuals that is less than 660 linear feet from another community residence or whose operator does not meet the licensing/certification/recognition criteria, Fabrication and/or assembly of manufactured materials or parts for distribution or sale, such as sheet metal, sign shops, glass shops, electronics, cabinet and furniture making (only in North Federal Highway Overlay District; must operate with a permitted service or retail use on premises), Wholesaling, storage and distribution of products and materials (only in North Federal Highway Overlay District; must operate with a permitted service or retail use on premises), Self-service storage facilities (only in North Federal Highway Overlay District; lot 1.5 to 3 acres, max 48 ft, 1,000 ft from another facility, 2,500 sq ft of ground-floor retail/service required)
Read the full GC - General Commercial zoning guide ›

Frontage Traffic vs. Nearby & Palm Beach County's Busiest Roads

This property fronts N Federal Hwy (Dixie Hwy), which FDOT counts at the figure below (2025).
25,500vehicles / day on N Federal Hwy (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
◆ N Federal Hwy 25,500
NE 22 St0.5 mi 19,600
Gulfstream Blvd0.2 mi 7,000
This property Nearest FDOT-counted roads (distance) County's busiest roads (approx. peak) Vehicles per day (AADT)
This frontage carries about 10% of I‑95's volume — solid commercial‑corridor traffic.
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone

Neighborhood Demographics · Census Tract 006401

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
2,034
Population
$79,985
Median Household Income
55
Median Age
1,091
Households
$598,200
Median Home Value
Household Income of 1,091 households
<$50k362 33%
$50–100k313 29%
$100–150k126 12%
$150k+290 27%
Age of 2,034 residents
Under 18135 7%
18–34479 24%
35–54391 19%
55–64506 25%
65+523 26%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
8,915
population
4,365 households
$153,893 avg income
3 Miles
69,879
population
29,911 households
$122,337 avg income
5 Miles
180,985
population
78,664 households
$102,323 avg income
Street View Click to load · then drag to look around
Asking Price
$23,000,000
Listing Courtesy of The Knight Group, LLC
Jim Knight
Jim Knight
The Knight Group, LLC
Inquire about this property
Key highlights
  • Vacant land is primed for development, with plans underway for a community of 47 townhomes
  • 191,500 Sq Ft
Appraiser Data
Parcel Control No.12434604080000330
MunicipalityDelray Beach
Assessed Value$1,675,500
Land Value$1,675,500
Legal Description
DELRAY BEACH ESTATES
Sale History
Sale 1$3,650,000 · 1/2016
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 16.7 mi 25 min drive
Ft. Lauderdale (FLL) 34.4 mi 47 min drive
Miami Intl (MIA) 49.8 mi
⚓ Seaports
Port of Palm Beach 19.5 mi
Port Everglades 27.5 mi
PortMiami 49.5 mi
Building Specifications
CityDelray Beach, FL
ZIP Code33483
Land Area33,510 SF
Lot Size4.40 AC
Parking (building)214 Spaces
Walk Score50/100