Commercial property in Delray Beach, Florida 111.48 sq.m. № 1955646

Property description

Exceptional Qualified Opportunity Zone Development Sites in the Heart of Delray Beach comprising of two joined 0.16 Acre properties, Right on SW 6th Ave adjacent to the CRA's 6 Acres Development Site Fronting Atlantic Ave between SW 6th Ave & SW 9th Ave. Located less than one block from vibrant Atlantic Avenue and surrounded by numerous transformative projects currently progressing through the pipeline, this deal is ripe for development. Whether you are looking to develop, hold, or capitalize on the upcoming growth West of 5th Avenue, this portfolio is an incredible opportunity for an experienced developer. Available at $1,000,000 this Opportunity Zone Development site includes: A soon to be vacant duplex and a contiguous vacant parcel totaling 13,940 SF of developable land. Positioned directly adjacent to the highly anticipated Delray Beach CRA 6 acres redevelopment project to be anchored by a 20,000+ SF grocery store. Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes through Opportunity Zone incentives.