4,217 SF Retail For Sale — $6,499,000 — 301 NE 1st St, Delray Beach

Executive Summary
Presenting one of the most unique assemblages in all of Downtown Delray Beach. This two property portfolio truly embodies what "Location, Location, Location" means in real estate terms. This assemblage includes two parcels (301 NE 1st Street and 126 NE 26th Avenue), both with CBD Core zoning (Central Business District) and together, the land totals just shy of half an acre (19,200 SF/0.44 AC). The main parcel, 301 NE 1st Street, features a one level building with 2,200+ SF and is currently occupied by F45 Training, but can be delivered vacant if so desired. This parcel is approximately 10,200 SF and currently includes thirteen (13) legal parking spaces with space for additional parallel parking spaces. This parcel has prime frontage and exposure as it faces south and is located just one block north of Atlantic Avenue. A public parking lot sits directly across from this building so there is nothing blocking the frontage and is ideal for any business looking for a property with great frontage/exposure for branding purposes.
The second parcel, 126 NE 4th Avenue, features two timeless and recently renovated detached cottages and sits on a 9,000 SF lot. These key west style cottages each feature 2BD, 2BA with spacious floor plans with the main cottage boasting nearly 1,300 Living SF and the back cottage with approximately 800 Living SF. This two unit property also has CBD Core zoning and currently operates as an Airbnb, which has grossed $65,000+ in vacation rental income in just the first three months of 2026! The possibilities are endless with this parcel as their is room for expansion to generate additional rental income.
For developers looking for a prime investment opportunity in Downtown Delray, this assemblage is exactly what you have been waiting for. CBD Core zoning (Central Business District) allows for a multitude of permitted uses including retail space, professional offices, apartments, single family, hotels, motels, public parking, and many more permitted and conditional uses. CBD zoning also allows for development of up to 4 Stories and Maximum height of 54 Feet, making this property a rarity in today's market.
This location is second to none as it is located just one block north of Atlantic Avenue and one block east of Pineapple Grove, which features everything that Delray has to offer, including establishments like Johnnie Browns, El Camino, Park Tavern, Throw Social, Pinball Museum, Deck 84, Gabriella's, The Grove, as well as A1A and Delray's public beaches. Property survey, financials, etc. are available upon request.

Investment Highlights Located One Block North Of Atlantic Avenue Permitted Uses Include Office, Medical, Retail, Mutlifamily, Hotels, Motels, Etc. CBD Core (Central Business District) Zoning Located One Block East of Pineapple Grove

Allowed by right

Clothing / apparel boutique, Shoe store, Jewelry store, Home decor / furniture / interior design showroom, Art gallery, Bookstore, Gift shop / souvenir shop, Florist, Specialty grocery / gourmet market, Bakery / patisserie (retail), Ice cream, gelato or frozen yogurt shop, Coffee shop / espresso bar / coffee roaster with retail, Full-service sit-down restaurant, Fast-casual restaurant / counter-service eatery (no drive-thru), Juice / smoothie / acai bar, Wine bar / cocktail lounge, Hair salon / barbershop, Nail salon, Day spa / massage establishment, Med spa / aesthetics clinic, Dry cleaner / tailor / alterations (drop-off), Shoe repair, Pet grooming, Law office, Accounting / CPA / tax office, Real estate brokerage office, Insurance agency, Architecture, engineering or design firm, Marketing / advertising / tech / software office, Co-working / shared office space, Title company / mortgage office, Bank or credit union branch (no drive-through), Dentist / orthodontist office, Physician / physical therapy / chiropractic office, Dermatology or plastic surgery practice, Optometrist / optical shop, Pharmacy / drugstore, Yoga studio, Pilates or barre studio, Boutique fitness gym / CrossFit box, Personal training studio, Jiu-jitsu, karate or martial arts dojo, Dance studio, Music school / art school / tutoring center, Cooking school / demonstration kitchen, Museum or cultural center, Photography studio, Ceramics, glassblowing or pottery studio, Jewelry making / metalsmith workshop, Custom framing shop, Small-batch chocolate, coffee or specialty food production with retail, Hotel, Boutique hotel / residential-type inn, Multi-family apartments or condominiums (upper floors), Townhouses, Live/work unit (studio or shop with residence above), Public or private parking garage (Secondary Street use; must be lined on Primary Streets), Antique shop (verifiable antiques only), Bicycle shop / bike rental

With special approval

Brewpub or taproom with on-site brewing, Nightclub or live-music venue (Entertainment District hour limits apply), Bar open past midnight (24-hour or late-night business), Tattoo or permanent-makeup studio, Veterinary clinic (no outdoor kennels), Bank with drive-through lanes, CBD oil retail as accessory to a pharmacy, medical office or clinic (not on Required Retail Frontage; max 20% of tenant GFA; 8am-10pm), Live theater, cinema or performing arts venue, Screen printing or small sign / graphics shop, Bed and breakfast, Surface parking lot, Child care / preschool, Place of worship or assembly, Car wash or auto detailing (interior, one enclosed wash bay; no repair or fueling on site), Gasoline station, Sporting goods and equipment rental (limits per 4.4.13(C)(4)(c)), Consignment / secondhand or thrift store (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Firearms or auto-parts retail (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Contractor office with limited storage/workshop (no self-storage; 55-gallon cap)

Source: Palm Beach County Appraiser Records