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Homes for sale in Delray Beach
Mixed Use

355 NE 5th Ave # 0080

Delray Beach, FL 33483
$13,895,000
Year built
1982

Listing courtesy of Paul Jacques, Xcellence

About this home

Prime Delray Beach Land Assemblage & Investment Opportunity
This exceptional offering presents a rare opportunity to acquire a contiguous three-parcel land assemblage totaling more than one acre, strategically located just three blocks north of Atlantic Avenue in the heart of East Delray Beach. Positioned along highly visible Federal Highway, this unique asset offers an attractive combination of immediate cash flow, value-add potential, and long-term redevelopment opportunities in one of South Florida's most sought-after coastal markets. The property is currently improved with multiple income-producing buildings that generate strong, stable rental income, providing investors with immediate returns while preserving significant future upside. Additional value can be realized through leasing vacant suites, optimizing rental rates to market levels, or pursuing redevelopment under the property's favorable zoning.
nvestment Highlights
Over 1 acre of contiguous land with desirable CBD zoning, allowing for high-density mixed-use redevelopment.
Prime East Delray Beach location on Federal Highway, just three blocks from the vibrant shops, restaurants, and entertainment of Atlantic Avenue. Excellent accessibility, with convenient access to Interstate 95 and minutes from Delray Beach's award-winning beaches. Strong in-place cash flow supported by high occupancy and consistent rental income. Value-add opportunity through lease-up of vacant suites and market rent adjustments.

Details

Property

Type
Mixed Use
Year built
1982
Lot size
25,041 sq ft
County
Palm Beach County
Flood zone
X

Community and fees

Annual taxes
$11,315

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated July 9, 2026.