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216 SW 2nd Avenue, Delray Beach FL 33444

Commercial For Sale
$1,550,000

BTC: 24.14721012

ETH: 879.21313261

4 days
0 room(s)

Overview

**RARE DOUBLE LOT DEVELOPMENT OPPORTUNITY IN EAST DELRAY BEACH** Exceptional opportunity to acquire one of the few remaining double lots in the heart of East Delray Beach, one of South Florida's most dynamic and rapidly appreciating neighborhoods. Comprising approximately 13303 Sqft, this oversized parcel offers a rare combination of location, flexibility, and future potential. Positioned just minutes from Atlantic Avenue, the beach, and downtown Delray Beach, the property presents multiple possibilities for investors, builders, and visionaries seeking to capitalize on the area's ongoing transformation. Subject to buyer verification and municipal approvals, the site may accommodate one extraordinary luxury estate, two separate luxury residences, or other development opportunities.... Surrounded by a growing collection of newly constructed custom homes and luxury redevelopment projects, this location is benefiting from substantial private investment and increasing demand from buyers seeking walkability, lifestyle, and proximity to Delray Beach's vibrant downtown district. Large double parcels in East Delray are becoming increasingly scarce. As land availability continues to diminish and redevelopment accelerates, opportunities to secure a site of this size and location are exceptionally rare. Whether your objective is immediate development, long-term land banking, or creating a signature residential project, this property offers a unique chance to control a significant piece of East Delray Beach's future growth. The existing structure is not the basis of value and the property is being offered primarily for its land and redevelopment potential. A truly rare opportunity to acquire a double lot in one of Delray Beach's most sought-after and fastest-growing locations.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.31 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,672,500
$799K – $3.8M
Confidence Low
List vs. estimate
$122K below estimate
List $1,550,000 · -7.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $784K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,779
2025
All facts and features
  • Lot

    • Lot: 0.31 Acres

    Other Property Information

    • Parcel Number: 12434616010470080

    • Zoning: R-1-A (city)

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Agriculture

  • Utility

    • Cable Connected

    • Cable Available

    • Electricity Available

    • Phone Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $5,779

  • Source details

    • MLS ID: B26043338

    Other facts

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre

    • Direction Faces: East

    • Water Source: Public

    • Lot Size Dimensions: 133x100

    • Subdivision Name: Town of Delray Beach

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Realty Services