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16.6 AC Delray Beach, FL

Delray Beach, FL 33446

Palm Beach County, Florida

16.62 Acres
Land Auction
July 24, 2024 12:00 PM
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Land Description

RI Marketplace Online Auction July 22-24, 2024.

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Investment Highlights

Well-Positioned ±16.6-Acre Path of Growth Parcel in Delray Beach, Florida

Positioned Along Lyons Road (±25K Vpd) Near Atlantic Ave (±37K Vpd) Intersection with Convenient Access to Florida's Turnpike (±100K Vpd), Hwy 441, I-95, Us-1, & South Florida Metro

Affluent Demographics with 2-Mile Ahhi of $109K and 5-Mile Population of ±168K and Annual Household Income of ±$101K

24.3% Population Growth from 2010-2023 and Future Growth Projected from 2023-2028 (5-mile radius)

Absolute $1 Auction - NO Reserve.

Offering Summary

Marcus & Millichap is pleased to present a 16.6-Acre parcel located at the NEC of Lyons Road and 145th Street S (adjacent to 14375 Starkey Rd) in Delray Beach, Florida (the “Property”). The Property offers an exceptional development opportunity in a growing, robust trade area and first bid meets reserve.

The Property is vacant land and consists of a single parcel totaling 16.6 acres. The Property is located in the Agricultural Reserve area of Palm Beach County. Nearby amenities include Delray Marketplace (±0.3-Miles), a 260,431 square foot entertainment-oriented lifestyle center featuring a main street layout with street-front retail shops, restaurants, outdoor amphitheater, Publix, and Imax theater. Additionally, GL Homes has built multiple communities over the last few years along the Lyons Road corridor including Boca Bridges, Seven Bridges, The Bridges, Lotus, Valencia Bay, Valencia Sound, Valencia Grand, and Valencia Reserve.

Delray Beach is situated between Fort Lauderdale and West Palm Beach and is celebrated for its thriving economy and exceptional quality of life. Delray Beach is growing rapidly, attracting residents with its beautiful beaches (ranked 1 in Florida), vibrant arts scene, and lively downtown. The city's strategic location, coupled with its robust infrastructure and transportation networks, ensures convenient access to employment centers, schools, and recreational amenities, enhancing the appeal of new residential projects. The Property is positioned in unincorporated Palm Beach County and benefits from a prime location just north of Atlantic Avenue with convenient access to the Florida Turnpike, Hwy 441, I-95, and Us-1. The Property is located in an affluent area with an Ahhi of $109K within a 2-mile radius and a population of 168,906 residents and an average household income of $101,187 within a 5-mile radius. The population has experienced 24.3% growth from 2010-2023 with 2.24% growth expected to continue through 2028.

Lamar P. Fisher

Fisher Auction Company Inc.

License: Au93

Fisher Auction Co: Ab106

Land Maps & Attachments

More Land Details

Agricultural Zoning
Flat Terrain
Paved Road Access
AUCTIONFLIP ID
376749
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