$7,900,000

City approved plans are in place for a premier residential development in the heart of Delray Beach. This 1.71 acre mixed use site is entitled for 18 luxury three-story townhomes in a prime location with frontage on Federal Highway and Old Dixie Highway. Each residence is designed with approximately 3,000 square feet, three bedrooms with en-suite bathrooms, covered balconies, and two-car garages. The property also offers flexibility to preserve and restore the iconic Ellie’s 50s Diner or redevelop the space into a vibrant retail component. With Delray Beach experiencing strong growth, this is a rare opportunity to invest in a high visibility location with exceptional upside.