211 S Swinton Avenue, Delray Beach, Florida, United States, 33444

8,500,000
for Sale

About the property:

Rare Downtown Delray Beach Portfolio Opportunity - $8,500,000 Introducing one of the most unique investment and redevelopment opportunities in the heart of Downtown Delray Beach. This portfolio offering includes 211, 719, and 723 South Swinton Avenue, strategically positioned just steps from Atlantic Avenue and directly across from the newly completed Sundy Village development. Anchoring the portfolio is 211 South Swinton Avenue, the largest individually owned lot in Downtown Delray Beach, currently operating as a 10-unit rental property consisting of 4 long-term tenants and 6 short-term rental units, generating approximately $250,000 annually in rental income. Portfolio sale includes 211, 719, and 723 S. Swinton Avenue in the heart of Downtown Delray Beach. The adjacent income-producing properties at 719 and 723 S. Swinton feature 7 leased units generating $168,000 annually under a triple lease. The portfolio currently produces $418,000 in annual income and offers exceptional redevelopment potential on one of the largest privately owned land assemblages in Downtown Delray Beach. Ideally located across from Sundy Village and within walking distance of Atlantic Avenue, The Ray Hotel, Opal Grand Resort, restaurants, shopping, and entertainment. The portfolio consists of 17 total units and presents a rare opportunity for investors, developers, and assemblage buyers seeking scale, income, and future upside in one of South Florida's premier downtown markets. Buyer to verify all information.
Property Type:
MULTI FAMILY
Status:
for Sale
House Style:
Other
Acres:
0.45
Square Feet:
6952
Area:
4370
Heating Type:
0
Is Entertainment:
Yes
Is Hotel:
Yes
Is Investment:
Yes
Is Land:
Yes
Is Other:
Yes
Is Unit:
Yes
Annual Property Taxes:
27,007.60
Listing ID:
B26040359

Rooms

Dimensions

Brokered by:
Oculus Realty Llc
Presented By:

Arlene Toolsie

REALTORĀ®

Re/Max Direct