5185 Atlantic Ave - FLO DELRAY
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5185 Atlantic Ave - FLO DELRAY
4.87 Acres of Commercial Land in Delray Beach, FL 33484
Investment Highlights
- 4.868 acres of raw land
- Double Density of 24 du/ac with 20% workforce units
- Access Atlantic Ave via existing easement, through adjacent shopping center owned by Kimco Realty Corp
- Ideal for Townhomes, Garden Apartments, Senior or Assisted Living
- Allowable Density of 12 du/ac with no income restrictions
- Inexpensive construction type and surface parking offer great value in a prized metro area
Executive Summary
This property is 4.868 acres of raw land, ideal for garden apartment or townhome development, or senior living / assisted living facilities.
The Flo Delray Overlay District doubles allowable density to 24 du/ac (116 units max), with allocation of 20% of units to workforce households. Alternatively, the District allows 12 du/ac (58 units max) with no income restrictions.
The property directly adjoins Atlantic Avenue via an access easement through the adjacent shopping center, owned by Kimco Realty Corp.
A short drive from Downtown Delray and the beaches, the subject property sits midway between Interstate 95 and Florida’s Turnpike. Demand drivers in Delray are exceptionally strong and promise secular growth into the foreseeable future.
Inexpensive construction costs and surface parking offer great value in a prized metro area. This is an exceptionally rare, greenfield development opportunity in the City of Delray Beach, Florida.
The Flo Delray Overlay District doubles allowable density to 24 du/ac (116 units max), with allocation of 20% of units to workforce households. Alternatively, the District allows 12 du/ac (58 units max) with no income restrictions.
The property directly adjoins Atlantic Avenue via an access easement through the adjacent shopping center, owned by Kimco Realty Corp.
A short drive from Downtown Delray and the beaches, the subject property sits midway between Interstate 95 and Florida’s Turnpike. Demand drivers in Delray are exceptionally strong and promise secular growth into the foreseeable future.
Inexpensive construction costs and surface parking offer great value in a prized metro area. This is an exceptionally rare, greenfield development opportunity in the City of Delray Beach, Florida.
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 4.87 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 4.87 AC |
1 Lot Available
Lot
| Lot Size | 4.87 AC |
| Lot Size | 4.87 AC |
1 of 1
zoning
| Zoning Code | RM / FLO Delray Overlay (Medium-Density Residential (RM). The Overlay District allows 24 du/ac with 20% workforce units. Max density is 12 du/ac with no income restrictions.) |
| RM / FLO Delray Overlay (Medium-Density Residential (RM). The Overlay District allows 24 du/ac with 20% workforce units. Max density is 12 du/ac with no income restrictions.) |
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5185 Atlantic Ave - FLO DELRAY
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.