delray beach - images1.loopnet.com...average hh income $53,277 $77,709 $80,978 average house value...

KW COMMERCIAL7280 W. Palmetto Park Rd,Suite 110Boca Raton, FL 33433 AHMED ABDELDAYEM

REALTOR0: [email protected] #SL3309101

Delray Beach

OFFERING MEMORANDUM

PRESENTED BY:

704 SW 4TH AVE DELRAY BEACH, FL 33344

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL7280 W. Palmetto Park Rd,Suite 110Boca Raton, FL 33433

Confidentiality & Disclaimer

AHMED ABDELDAYEMREALTOR0: [email protected] #SL3309101

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by KW Commercial Boca Raton in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

DELRAY BEACH, FL

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONDELRAY BEACH

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $350,000

LOT SIZE: 0.45 Acres

ZONING: R-1-A - Single Family

MARKET: Delray Beach

SUBMARKET: East Delray Beach

PRICE / SF: $17.86

DEMOGRAPHICS

1 MILE 2 MILES 3 MILES

Total Households 4,575 17,352 32,544

Total Population 13,007 39,414 73,510

Average HH Income $53,277 $77,709 $80,978

Executive Summary

DELRAY BEACH 1 | PROPERTY INFORMATION



LOCATION

• East Delray Beach

• Located In the Del ray Beach CRA

• .09 Miles To Federal Highway

DEVELOPMENT DESCRIPTION

• 4 lots 45 x 102 ( Approximately )

• Utilities Present At Site

• Highest & Best Use Single Family HomeDevelopment

• Sidewalk Recently Installed In Front Of TheProperty

DEVELOPMENT ANALYSIS

• Strong Resales In The Area

• Reduced Permitting Cost Through the DelrayCRA

Property Description




SALE PRICE $350,000

LOCATION INFORMATION

Building Name Delray Beach

Street Address 704 Sw 4th Street

City, State, Zip Delray Beach, FL 33444

County/Township Palm Beach

Market Delray Beach

Submarket East Delray Beach

Cross Streets Sw 4th street and Sw 8th ave

LAND

Number Of Lots 4

Best Use Residential Development

PROPERTY DETAILS

Property Type Land

Property Subtype Residential

Zoning R-1-A - Single Family

Lot Size 0.45 Acres

APN# 12434620010010240

Property Details




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATIONDELRAY BEACH

OFFERING MEMORANDUM


Delray Beach

Regional Map

DELRAY BEACH 2 | LOCATION INFORMATION



Location Maps




Delray Beach

Aerial Map



SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

3SALE COMPARABLESDELRAY BEACH

OFFERING MEMORANDUM


Subject Property

704 Sw 4th Street | Delray Beach, FL 33444

$350,000Sale Price: 0.45 AcresLot Size:

$17.86Price PSF: $777,778Price / AC:

4 lots 45 x 105

1

127 Nw 9th ave

Delray Beach, FL FL 33444



08/23/2019Closed:

1

2

101 NW 10th Avenue

Delray Beach, FL 33444



08/16/2019Closed:

2

3

213 sw 6th ave




08/09/2019Closed:

3

Sale Comps

DELRAY BEACH 3 | SALE COMPARABLES



4

131 nw 7th




09/20/2019Closed:

4

Sale Comps




1

2

3

4

SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

Delray Beach704 Sw 4th StreetDelray Beach, FL 33444

$350,000 - 0.45 AC $17.86 $777,778 -

SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

127 Nw 9th aveDelray Beach, FLFL 33444

$90,000 - 0.157 AC $13.16 $573,248 -

101 NW 10th AvenueDelray Beach, FL33444

$89,000 - 0.202 AC $10.11 $440,594 -

213 sw 6th aveDelray Beach, FLFL 33444

$85,000 - 0.157 AC $12.43 $541,401 -

131 nw 7thDelray Beach, FLFL 33444

$85,000 - 0.157 AC $12.43 $541,401 -

PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

Totals/Averages $87,250 - 0.17 AC $11.78 $513,235 -

Sale Comps Summary




704 Sw 4th Street | Delray Beach, FL 33444SUBJECT PROPERTY

1Delray Beach, FLFL 33444

127 NW 9TH AVE 2Delray Beach, FL33444

101 NW 10TH AVENUE

3Delray Beach, FLFL 33444

213 SW 6TH AVE 4Delray Beach, FLFL 33444

131 NW 7TH

Sale Comps Map



DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICSDELRAY BEACH

OFFERING MEMORANDUM


POPULATION 1 MILE 2 MILES 3 MILES

Total population 13,007 39,414 73,510

Median age 35.7 43.9 46.3

Median age (male) 34.8 42.9 44.9

Median age (Female) 37.4 45.3 47.9

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 4,575 17,352 32,544

# of persons per HH 2.8 2.3 2.3

Average HH income $53,277 $77,709 $80,978

Average house value $293,387 $296,572 $304,880

* Demographic data derived from 2010 US Census

Demographics Map

DELRAY BEACH 4 | DEMOGRAPHICS


delray beach - images1.loopnet.com...average hh income $53,277 $77,709 $80,978 average house value...

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