An exceptional opportunity awaits with this prime redevelopment project, located in the vibrant city of Delray Beach. Situated on a spacious 0.86-acre lot, this property presents a site plan approved mixed-use project, offering a blend of commercial and residential units. Ideal for investors, developers, or visionaries looking to capitalize on the burgeoning real estate market in Delray Beach. The property offers convenient access to major thoroughfares, amenities, and attractions, ensuring ease of transportation and connectivity. 306 NE 2nd St (Santa Fe Suites) consists of a 2 story 6,000 sf free standing building on a 13,000 sf corner lot with 14 parking spaces, and a 24,000 sf parking lot with 48 surface parking spaces. 22 commercial/retail suites currently rented out to individual businesses, the majority being in the cosmetology field. Built in 1948, fully renovated in 2007, this building enjoys high daily traffic counts. Located at the corner of NE 2nd St and NE 4th Ave, just 2 blocks North of vibrant downtown Delray Beach's Atlantic Avenue, and just 1 block West of South bound Federal Highway. Fully entitled redevelopment project 4 story 23 residential units & 2600 sf retail space - site plan approved by City of Delray Beach in July 2025.