Investor's dream! Double lot gem (13,260sqft) and multiple use zoning in the booming SofA District in East Delray, just blocks from Atlantic Avenue and the beach. Rare CBD-RC zoning allows both residential and commercial use. New owner can build up to five floors for mixed use space. Current zoning allows for 30 units/acre. 70 units/acre allowed provided that the project contains 20% workforce housing. Light industrial, warehouse, and multi family use potential. Long term, month-to-month tenants in place providing the option for a steady revenue stream (please do not disturb tenants).
Building Type:
Commercial,Free Standing,Income,Industrial,Industrial / Mfg,Restaurant,Warehouse
Cooling:
Central Individual, Electric
Utilities
Cable,Electric,Public Sewer,Public Water
Owner Pays:
Cable,Electric
341 SE 2nd Avenue, Delray Beach, FL, 33483
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
