Prime double-lot redevelopment opportunity just minutes from Downtown Delray Beach and Atlantic Ave. This rare property offers exceptional potential in one of South Florida's hottest beach towns. Per confirmation from the Senior Planner at the City of Delray Beach, the existing parcel can be split into two separate lots (Corner Lot +/-8000 sq ft, Interior Lot +/-7000 sq ft. The existing structure conveys as-is and will not be shown. Surrounded by new luxury construction, this is a prime opportunity for builders, developers, or investors seeking location, frontage, and future build potential near Atlantic Ave and the Intracoastal. Survey and other info from the City of Delray Beach available on request.
1303 NE 2nd Avenue, Delray Beach, FL, 33444
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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