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501 NE 2ND Street, Delray Beach FL 33483

Commercial For Sale
$2,000,000

BTC: 26.12330199

ETH: 888.88888889

1 days
0 room(s)

Overview

Rare Downtown Delray Beach opportunity! Approximately 1/3 acre (±14,500 sq ft) of cleared commercial land at 501 NE 2nd Street, just steps from Atlantic Avenue's restaurants, shops and nightlife. The site previously operated with a drive-thru; the prior structure was lost to fire and the lot has been fully cleared, ready for your vision. Ideal for an owner-user, developer, investor or build-to-suit in one of South Florida's most walkable and in-demand downtowns. Also available for lease; see separate listing. Buyer to verify zoning, permitted uses, and reinstatement of drive-thru with the City of Delray Beach. Prime downtown location close to Atlantic Avenue, the Intracoastal, Delray Beach's beaches, Brightline and I-95 access. Vacant and cleared with no structure on site. Utilities available; buyer to verify service and connections with providers. All information deemed reliable but not guaranteed; buyer to independently verify lot size, zoning, land use, flood zone and all permitted uses.

Location

Details

Type:
Commercial Sale
Parking:
Assigned / Shared Parking
Year Built:
1964
Lot:
0.14 Acres
Heating:
Other
Price/sqft:
No Data
Cooling:
None
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,500,000
$687K – $2.6M
Confidence Low
List vs. estimate
$500K above estimate
List $2,000,000 · +33.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.0M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,810
2025
Parking
9 spaces
All facts and features
  • Flooring

    • Other

    Heating

    • Other

    Cooling

    • None

  • Parking

    • Assigned

    • Shared Parking

    Property

    • Levels: 1

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 12434616011060101

    • Zoning: CBD (city)

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Utility

    • Other Utilities Available

    • Other

  • Other financial information

    • Annual tax amount: $14,810

  • Source details

    • MLS ID: B26097126

    Other facts

    • Construction Materials: Other

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

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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: Regency Realty Services