$15,000,000
Delray Beach, FL 33444
MLS# R11146230

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Property Description
This ±20,330.80 SF (±0.47 AC) land assemblage along West Atlantic Avenue represents a rare, highly visible infill opportunity within Delray Beach's Central Business District (CBD), West Atlantic Neighborhood sub-district. The site offers dual corner. ''A rare opportunity to develop a mixed-use project in the heart of Downtown Delray Beach's Central Business District, offering retail, office or medical uses at street level with residential above—all along prestigious Atlantic Avenue.'' Positioned along one of South Florida's most vibrant and established urban corridors, this ±20,330.80 SF development site presents a rare opportunity to create a signature mixed-use project in the heart of Delray Beach's Central Business District. SEE MORE FOR COMPLETE DETAILS
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
LP/Acre: 32140561.39
LP/Frontage: 62476.57
Listing Date: 2025-12-08
Status: Active
Original List Price: 15000000
List Price: $15,000,000
Current Price: $15,000,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Delray Beach
Postal Zip: 33444
Geographic Area: PB06
Country: United States
Street Direction Prefix: W
Street Name: Atlantic
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33444
Subdivision Name: ATLANTIC PINES
Area: 4460
Parcel Number: 12434617170010100
Zoning: CBD(ci
General Property Information
Lot Depth: 84.68
Lot Frontage: 240
LP/SqFt: 737.8
Property Sub Type: Unimproved Land
Lot Size Acres: 0.47
Lot Size Square Feet: 20330.82
Direction Faces: South
Office/Member Information
DXORIGMLSID: RML
Short Sale Details
Short Sale Addendum: No
Documents Available
Aerial: 1
Comprehensive Plan Use
Open Land: 1
Current Use
Commercial: 1
Development Status
Raw Land: 1
Location of Property
Central Business District: 1
City Location: 1
Possession
Close Of Escrow: 1
Possible Use
Commercial: 1
Soil Type
Dirt: 1
Trees
Clusters: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
None: 1
Vegetation
Grassed: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Curbs: 1
Road Responsibility
Public Maintained Road: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Financial Information
Tax Year: 2025
Tax Annual Amount: 26341.9
Tax Legal Description: ATLANTIC PINES LTS 10 & 11 BLK 1
Status Change Information
Major Change Timestamp: 2025-12-08T20:15:37Z
Major Change Type: New Listing
Status Change Date: 2025-12-08
Originating Details
Originating System Key: 20251208200614115804000000
Originating System ID: M00000170
Property Features
Comprehensive Plan Use: Open Land
Current Use: Commercial
Development Status: Raw Land
Documents Available: Aerial
Location of Property: Central Business District; City Location
Possession: Close Of Escrow
Possible Use: Commercial
Soil Type: Dirt
Trees: Clusters
Utilities: Cable Available; Sewer Available; Water Available; None
Vegetation: Grassed
Listing Terms: Cash; Conventional
Lot Features: Curbs
Road Responsibility: Public Maintained Road
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: 1/2 To Less Than 1 Acre Lot
Supplements
"A rare opportunity to develop a mixed-use project in the heart of Downtown Delray Beach's Central Business District, offering retail, office or medical uses at street level with residential aboveall along prestigious Atlantic Avenue."
Positioned along one of South Florida's most vibrant and established urban corridors, this ±20,330.80 SF development site presents a rare opportunity to create a signature mixed-use project in the heart of Delray Beach's Central Business District.
Strategically located east of Interstate 95 with multiple points of frontage and visibility along Atlantic Avenue, the site spans from W. 12th Avenue to NW 11th Avenue, anchoring a prominent downtown block with exceptional access, traffic exposure, and walkability.
Zoned CBD - Central Business District (General Commercial), the property is ideally suited for a vertical mixed-use development, combining ground-floor retail, office or medical uses with residential condos or apartments abovethe very product type driving demand and valuation in Downtown Delray Beach. Walkable to downtown shops, restaurants, arts district, nightlife, and transit. Strong demographics, tourism, and residential growth supporting absorption.
Scarcity of remaining infill development sites on Atlantic Avenue.
This is not simply a land acquisitionit is a platform for creating a landmark downtown asset that complements Delray Beach's urban fabric while delivering institutional-grade performance. Well-executed, a development on this site has the potential to become a cornerstone project along Atlantic Avenue, benefiting from both immediate market demand and long-term urban infill dynamics.
A vertical massing strategywith commercial uses activating Atlantic Avenue at grade and residential stacked abovealigns with both market demand and the City's downtown vision. Height and massing should be evaluated within the CBD framework to optimize:
Conceptual Site Narrative:
20,330.80 SF Mixed-Use Development Site. Prime Infill Mixed-Use Site | Atlantic Ave & 11th-12th Avenues | Delray Beach, FL.
This ±20,330.80 SF (±0.47 AC) land assemblage along West Atlantic Avenue represents a rare, highly visible infill opportunity within Delray Beach's Central Business District (CBD), West Atlantic Neighborhood sub-district. The site offers dual corner exposure at NW 11th Avenue and W. 12th Avenue with continuous Atlantic Avenue frontage, creating excellent identity and access for a future mixed-use project.
Planning / Zoning Framework (CBD - General Commercial / West Atlantic Neighborhood)
Zoning: CBD - Central Business District, West Atlantic Neighborhood sub-district (General Commercial context).
Density & FAR - Conceptual Assumptions
3.1 Code-based density framework (du/ac)
From the CBD dimensional table (West Atlantic Neighborhood column):
Base residential density: 12 du/acre in the West Atlantic Neighborhood CBD sub-district, with a note referencing the CBD Incentive Program for potential density increases.
On this ±0.47-acre site (±20,330.80 SF): Base CBD density (12 du/ac) Ü 5-6 units.
CBD incentive provisions may allow increases (e.g., toward 30 du/ac, subject to program criteria and approvals).
Uses by right / principally permitted (per CBD table):
General retail and service uses "as in GC district" (excluding big-box style auto parts, lawn equipment, etc.)
Business, professional, and medical office, Multiple-family dwellings, Live/work units, Hotels / inns, assisted living / senior housing (as permitted in CBD)
Form controls (CBD generally):
Max building height 4 stories / 54 feet outside the Atlantic Avenue Limited Height Area (this West Atlantic site is outside the limited-height core).
Urban setbacks (10-15 ft along streets), minimal side/rear setbacks, strong frontage requirements to reinforce a walkable main-street pattern.
Within the West Atlantic Neighborhood sub-district, sidewalk-level frontage on Atlantic is intended to be activated with retail and service uses, with upper floors transitioning to residential and office, consistent with the City's West Atlantic revitalization goals.

Listing Office: The Keyes Company
Last Updated: April - 09 - 2026
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