Introducing a remarkable investment opportunity with the iconic Ellie's 50s Diner now available for purchase. This versatile property offers a multitude of investment avenues, whether you aim to restore its legacy as a classic restaurant, convert it into a vibrant retail space, or undertake a transformative development into 18 luxurious townhomes. Positioned on a generous 1.61-acre lot along Federal Highway, with prominent frontage on Old Dixie Highway, this site ensures unparalleled accessibility and visibility, providing a strategic edge for your business endeavors. Located just 2 miles north of the bustling Atlantic Avenue, this prime location offers the perfect blend of convenience and potential.
2410 N Federal Highway, 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.
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