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2410 N Federal Highway, Delray Beach, FL 33483

$8,100,000
Property Type: Comm/Industry Baths: 4 Square Footage: 8,656 Status: Active
Current Price: $8,100,000 Last Modified: 11/04/2023

Description

Introducing an exceptional investment opportunity! The iconic Ellie's 50s Diner has now become available for purchase. This prime property presents an array of investment opportunities. You can revive it as a classic restaurant, transform into a retail space, or undergo a remarkable transformation into a development site for 18 luxurious townhomes. Situated on a spacious 1.61-acre lot on Federal Highway with a prominent frontage on Old Dixie Highway, this property boasts exceptional accessibility and visibility, ensuring a strategic advantage for your business venture. Whether you choose to operate it as a restaurant, lease it to a tenant, or embark on a full-scale property transformation, you'll benefit from a prime location just 2 miles North of the renowned Atlantic Avenue.

More Information MLS# RX-10888172

Contract Information

Status: Active Original List Price: 8550000 Auction: No List Price: $8,100,000 Current Price: $8,100,000 List Price/Bldg SqFt: 935.76 Listing Date: 2023-05-07 Comm/Non-Rep: 4% Comm/Buyer Agent: 4% Comm/Trans Brk: 4%

General Property Description

Type: Restaurant/Entertainment For Sale: Yes For Lease: No Property Desc: Rest/redevelopment Subdivision: DELRAY BEACH ESTATES Year Built: 1970 Built Desc: Resale SqFt - Living: 8656 SqFt Source: Tax Rolls # of Stories: 1 Total Units: 1 Baths - Total: 4 Acres: 1.61 % Air Conditioned: 100 Waterfront: No

Location, Tax & Legal

Area: 4360 Geo Area: PB06 Country: United States County: Palm Beach Parcel ID: 12434604080000090 Street #: 2410 Street Dir: N Street Name: Federal Street Suffix: Highway State/Province: FL Zip Code: 33483 Multiple Ofrs Acptd: Yes Zoning: GC(cit Legal Desc: DELRAY BEACH ESTATES LTS 9 & 10 Tax Year: 2022 Real Estate Taxes: 43233.2 Geo Lat: 26.487965 Geo Lon: -80.065183

Remarks & Misc

Directions: From 95 - Atlantic Ave E, N on NE 6th Ave, property on W side of Federal Highway

Office/Member Info

DXORIGMLNO: RX-10888172 DXORIGMLSID: RML

Property Features

Use: Mixed Type of Building: Commercial; Free Standing; Office/Retail; Retail Sale Includes: Building and Land Avail Docs: Survey Avail Info: Existing Survey Flooring: Tile Cooling: Central Heating: Central Fire Protect: Sprinkler Tenant Pays: None Utilities: Electric; Municipal Water; Public Sewer Roof: Tar/Gravel Terms Considered: Cash; Conventional Lease: None Possession: At Closing
Listing Office: Ocean Delray Real Estate
Last Updated: November - 04 - 2023
2410 N Federal Highway, Delray Beach, FL 33483- MLS# RX-10888172
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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