Building Description
Executive Summary
Located along a premier South Florida commercial corridor, 2050 and 2100 N Federal Highway present a rare opportunity to acquire a mixed-use investment asset offering stable cash flow and long-term land value appreciation. The property at 2050 N Federal Highway features three luxury apartments and a retail building, while 2100 N Federal Highway consists of a freestanding retail and fitness facility, creating a diversified income stream supported by multiple tenant types. Recently executed lease agreements with terms ranging from 5 to 10 years provide investors with durable income, predictable cash flow, and built-in annual rent growth through 3% fixed increases or CPI-based escalations.
What further distinguishes this offering is its significant underlying real estate value. Situated on nearly 1 acre of land along the highly sought-after US Highway 1 corridor, where raw land has recently traded at approximately $4 million to $5 million per acre, the buildings offer investors immediate income and compelling long-term redevelopment potential. Strong in-place cash flow, contractual rent growth, and valuable land positioning create an attractive risk-adjusted investment opportunity in a supply-constrained market.
With frontage on N Federal Highway (US Highway 1), a major north-south artery connecting Delray Beach to Boca Raton, Boynton Beach, and the broader South Florida region, the location offers excellent accessibility for residents and customers. Interstate 95 is just minutes away, providing swift connectivity throughout Palm Beach, Broward, and Miami-Dade Counties, while nearby Tri-Rail service enhances regional transportation options.
Tenants and visitors enjoy closeness to many of Delray Beach's most popular destinations. Downtown Atlantic Avenue, renowned for its vibrant collection of restaurants, boutiques, galleries, and entertainment venues, is only a short drive away. The property is also near Delray's waterfront, public beaches, luxury residential communities, and numerous lifestyle amenities that continue to attract residents, visitors, and businesses to the area. Palm Beach International Airport (PBI) is within convenient driving distance, further enhancing the property's appeal to local and regional users.
Stable income, annual rent growth, intrinsic land value, and an exceptional 23050 & 2100 N Federal Highway offer stable income, annual rent growth, intrinsic land value, and an exceptional location providing investors the opportunity to acquire a well-positioned asset with immediate returns and substantial long-term upside.
Approved Uses
Allowed by right
Auto parts store, Clothing / apparel store, Shoe store, Jewelry store, Hardware store, Paint store, Furniture / home furnishings store, Appliance store, Electronics / business machine store, Bicycle shop, Sporting goods store, Toy store, Pet store / pet supplies, Florist, Garden supply store, Lawn equipment sales, Bakery / baked goods shop, Butcher shop / meat market, Fish market, Produce market, Cheese shop, Beer, wine and liquor store, Ice cream shop, Confectionery / candy shop, Grocery / food store, Pharmacy / drug store, Cosmetics store, Medical and surgical equipment supplier, Office furniture and supply store, Nautical / marine supply store, Luggage and leather goods store, Fabric and sewing supply store, Carpet and flooring store, Drapery and window covering store, Antique store, Art and craft supply store, Bookstore, Music store / instrument sales, Camera / photographic equipment store, Newsstand, Gift shop, Glassware store, Electrical fixture store, Restaurant, Drive-through restaurant, Caterer, Bar / cocktail lounge, Coffee shop, Business office, Professional office, Medical office, Dental office, Medical or dental laboratory, Interior decorating studio, Insurance / real estate office, General contractor office (no outside storage), Electrical contractor office (no outside storage), Plumbing contractor office (no outside storage), HVAC / air conditioning contractor office (no outside storage), Painting contractor office (no outside storage), Barber shop, Beauty salon, Nail salon, Tailor / alterations, Dry cleaner, Self-service laundromat, Pet grooming, Tobacconist, Tattoo studio, Small appliance / small item repair shop, Auction house, Print shop / commercial printing, Publishing office, Photography studio, Radio or TV broadcast studio, Art gallery, Museum, Library, Movie theater (not drive-in), Gym / fitness center, Indoor shooting range, Martial arts / karate studio, Dance studio, Gymnastics school, Driving school, Beauty school, Business / vocational school, Modeling school, Parking lot or parking garage, Non-motorized sporting goods rental, Urban agriculture / community garden
With special approval
Car wash, Oil change / quick lube (no mechanical repair), Gas station / fuel dispensing, ATV and personal watercraft sales and service, Veterinary clinic, Hotel or motel, Funeral home, Flea market / merchandise mart, Bowling alley, Health spa, Skating rink, Miniature golf, Arcade / amusement game facility, Adult gaming center, Private club or lodge (up to 3,500 SF), Church / place of worship (up to 3,500 SF), Child care center / daycare, Adult day care, Assisted living facility, Nursing home, Light fabrication / assembly (sheet metal, signs, glass, cabinets, furniture) - North Federal Hwy Overlay only, Wholesale, storage and distribution - North Federal Hwy Overlay only, Self-storage facility - North Federal Hwy Overlay only
Read the full GC zoning guide ›
