39 SW 6th Avenue, Delray Beach, FL 33444

Property Description

Qualified Opportunity Zone Development Sites in the Heart of Delray Beach comprising of two joined0.16 Acre properties totaling 13,940 SF of developable land, 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 bynumerous 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 $900,000, less than $65/SF, this Development site includes: A duplex collecting more $4300/month and a contiguous vacant parcel totaling 13,940 SF of developable land. Positioned directly adjacent to the highly anticipated 6 acres 3 full city block mixed use redevelopment project off Atlantic Ave stretching 6th Ave to 9th Ave dubbed ALTA WEST 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. This property is a standout offering in one of South Florida’s fastest-growing corridors.