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Pinnacle Real Estate Group – FL

1601 NE 3RD Avenue, Delray Beach, FL (MLS# B26069794)

1601 NE 3RD Avenue, Delray Beach, FL

New Listing
$2,100,000
Property Type: Commercial Sale Square Footage: 5,146 Status: Active
Current Price: $2,100,000 List Date: 8/28/2026 Last Modified: 8/28/2026

Overview

Description

Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.

Listing Details MLS# B26069794

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
6
Occupant Type
Vacant
Building Area Main
5146
Building Area Source
Public Records
Adjusted Area Main
5146
Year Built
1974
Parking Total
12
Lot Size Area
12632.4
Lot Size Acres
0.29
Accessibility Features YN
No
Stories Total
2
Stories
2

Property Features

Business Type: Residential Common Area Maintenance Includes: None Documents Available: Aerial Photo(s); Deed Electric: Other Heating: Central; Electric Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building Special Listing Conditions: Standard Construction Materials: CBS Cooling: Central Air Listing Terms: 1031 Exchange; Cash Roof: Composition Security Features: None Sewer: Public Sewer Special Information: Sold As-Is Utilities: Cable Available; Electricity Connected; Sewer Connected Water Source: Public Showing Requirements: 24 Hour Notice; Schedule Online Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2100000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
1601
Street Direction Prefix
NE
Street Name
3RD
Street Suffix
Avenue
Municipality Type
Incorporated
Municipal Code
12
State Or Province
FL
Postal Code
33444
Postal Code +4
4168
Area
4360
Geographic Area
PB06
Parcel Number
12434609190001081
Subdivision Number
19
Zoning
R-1-A (city)
Flood Zone
X
Directions
Head E on Woolbright Rd from I95. Head S on Seacrest Blvd. Seacrest turns into NE 2nd. You will turn E onto NE 16th St and the building will be at the end of the street in front of you off of NE 3rd ave.
Property Description
MULTI-FAMILY LESS THAN 10

Financial Information

Tax Annual Amount
11290.53
Tax Year
2025
Tax Assessed/SOH Value
553234
Tax Legal Description
PLUMOSA PARK SEC A S 48 FT OF LT 108 & N 27 FT OF LT 109
Assessor Market Value
553234

Status Change Information

Major Change Timestamp
2026-08-28T23:06:49Z
Major Change Type
New Listing
Status Change Date
2026-08-28

More Information

Distance To Information

Miles to Beach
Yes
Miles to Expressway
2

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
6
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
6

Description of Unit Type 1

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 2

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 3

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 4

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 5

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 6

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Originating Details

Originating System Key
20260827200326795315000000
Originating System ID
M00000170
IDX
Listing Office: Century 21 Realty Professionals
Last Updated: August - 28 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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