39 SW 6th Ave - Apartments FOR SALE


Delray Beach, FL 33444- Downtown Delray Beach
$1,000,000 USD
305-509-8336
39 SW 6th Ave, Delray Beach, FL for Sale
$1,000,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

39 SW 6th Ave
Delray Beach, FL 33444
Downtown Delray Beach


HIGHLIGHTS

  • Two Contiguous Land Parcels Adjacent to a CRA Project Anchored by a 20,000 SF Grocery Store
  • Great Land Banking Investment with a Cash Flowing Duplex Throwing Over $57K Annually
  • Prime Redevelopment Opportunity Within Delray Beach CRA Redevelopment Zone

OVERVIEW

Exceptional Opportunity Zone Development Offering in the Heart of Delray Beach, Right on SW 6th Ave adjacent to the CRA's 6 Acres Development Site Fronting Atlantic Ave between SW 6th Ave & SW 9th Ave Located less than one block from vibrant Atlantic Avenue, 39 SW 6th Ave presents a rare investment opportunity surrounded by numerous transformative projects currently progressing through the development pipeline. Available at $1,000,000, this Qualified Opportunity Zone (QOZ) site includes: A soon to be vacant duplex and A contiguous vacant parcel, bringing the total land area to 13,940 SF Positioned directly adjacent to the highly anticipated Delray Beach CRA redevelopment project, soon to be anchored by a 20,000+ SF grocery store, this site offers prime potential for future growth and value creation. Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes through Opportunity Zone incentives. Whether you are looking to develop, hold, or capitalize on the surging momentum of Delray’s west-side renaissance, this property is a standout offering in a rapidly evolving market. Don’t miss this rare chance to secure a strategic development site in one of South Florida’s fastest-growing corridors.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$833 USD /SF

# OF UNITS

2

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Opportunity Zone Development Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

RM

APN/PARCEL ID

12-43-46-16-01-021-0200

ASK ABOUT THIS PROPERTY

Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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Wendy PierreBAWONS PropertiesMore Info
305-509-8336

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.