Commercial For Sale — $10,995,000 — 745 NE 6th Ave, Delray Beach – #84169

Executive Summary
*$100,000 BONUS TO BUYER'S BROKER!*
1 Million Dollar Price Reduction.
Amazing Opportunity to Purchase Land & Build Up to a 34-Unit Condo in Upscale Delray Beach
This is a developer’s dream. A parcel of land that has not been on the market for over 75 years. This 1.18 combined lot is expected to be zoned to allow up to a 34-unit condominium to be built with onsite parking on a prime location in the upscale downtown Delray Beach area.
Location is often said to be “everything,” and this parcel of land is located just .2 miles from the Intracoastal Waterway, 5-minutes from Gulfstream and Atlantic Avenue, and about 30-minutes from both Palm Beach and the Palm Beach International Airport.
For the developer with the right vision, this location can be designed and built to be one of the premier condominiums in south Florida, with amenities and access to some of the area’s most popular and best shops, restaurants, and nightlife just minutes away.
The demand for quality condominium properties by homeowners continues as Florida’s population soars and people are leaving the northeast for a better lifestyle. There are so few new condos being built in the booming south Florida market, especially in high demand areas like Delray Beach, that for the investor and developer who see the opportunity potential of this unique property, it could be their next major investment success.

Allowed by right

General retail uses and/or facilities, as in GC district (sales of automotive parts, lawn care equipment, firearms or secondhand material other than verifiable antiques not allowed on Required Retail Frontage streets or anywhere in West Atlantic), Business, professional, and medical uses, as in GC district, Services and facilities, as in GC district, excluding drive-through facilities (drive-thru and drive-in restaurants not permitted within CBD), Multiple-family dwellings (density limits per Table 4.4.13(C); not in sidewalk-level story on Required Retail Frontage streets), Live/work units (see Sec. 4.3.3(KKK)), Public Parking Garages, as mapped on a Regulating Plan (Secondary Street use), Tattoo Establishments (see Sec. 4.3.3(ZB); not permitted in required sidewalk-level retail frontage in Central Core and Beach), Veterinary Clinics (see Sec. 4.3.3(W)), Nursing homes, abused spouse residences, continuing care facilities, and assisted living facilities that do not comport with the definition of community residence (permitted in Central Core, Railroad Corridor, Beach, West Atlantic; conditional in South Pairs), Hotels, motels, and residential-type inns (permitted in Central Core, Railroad Corridor, Beach; conditional in West Atlantic and South Pairs), Bed and breakfast inns (permitted in Central Core, Railroad Corridor, Beach; conditional in West Atlantic and South Pairs), Urban Agriculture excluding outdoor Urban Farms (permitted and accessory in Central Core, Railroad Corridor, West Atlantic, South Pairs; prohibited in Beach), Community residence housing four to ten individuals (permitted if at least 660 ft from another community residence and operator licensed/certified/accredited; otherwise conditional)

With special approval

Child care facilities and adult day care facilities, Commercial recreational facilities, such as bowling alleys, skating rinks, and amusement game facilities, Drive-through facilities (serving banks, financial institutions, retail uses, etc.), Funeral homes, including accessory uses such as a chapel or crematory, Large family child care homes, Segway tours and Segway sales, Theaters, excluding drive-ins, Pet Services, 24-hour or late-night businesses within 300 feet of residential zoned property, Outdoor Urban Farms, Gasoline stations and/or car washes (conditional in Central Core, Railroad Corridor and South Pairs; prohibited in Beach and West Atlantic), Pet Hotels (only in Railroad Corridor and South Pairs), Astrologists, clairvoyants, fortune tellers, palmists, phrenologists, psychic readers, spiritualists, numerologists and mental healers (permitted use only in South Pairs Neighborhood; max one per 300 ft), Fabrication and/or Assembly (permitted use only in Railroad Corridor), Wholesaling, Storage, and Distribution (permitted use only in Railroad Corridor; not self-storage; substances under 55 gallons of Wellfield-listed materials), Contractor and trade services (permitted use only in Railroad Corridor and South Pairs Neighborhood), Automobile brokerage, including vehicle display within an enclosed structure (permitted use only in Railroad Corridor), CBD Oil Establishments (permitted use only in Central Core and Railroad Corridor; not permitted in the Central Core/Beach sidewalk-level frontage per Sec. 4.4.13(C)(3)), Automated Parking Garages (only in Railroad Corridor; Secondary Street use north of NE 2nd Street), Automobile repair, service (conditional only in Railroad Corridor), Food Preparation and/or Processing including bakeries and catering (conditional only in Railroad Corridor), Dry-cleaning Processing Plants (conditional only in Railroad Corridor), Neighborhood Automotive Rental facility (conditional only in South Pairs Neighborhood), Clubs and Lodges as in GC (conditional only in South Pairs Neighborhood), Flea Markets, Bazaars as in GC (conditional only in South Pairs Neighborhood), Sales and service of all terrain vehicles and personal watercraft as in GC (conditional only in South Pairs Neighborhood), Vehicle care limited to changing of oil and filters and lubrication (conditional only in South Pairs Neighborhood), Churches or places of worship (conditional only in West Atlantic Neighborhood and South Pairs Neighborhood)