Delray Beach - images1.loopnet.com...Average HH income $53,277 $77,709 $80,978 Average house value...
Transcript of 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
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
PROPERTY DETAILS
ADDITIONAL PHOTOS
1PROPERTY INFORMATIONDELRAY BEACH
OFFERING MEMORANDUM
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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
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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
DELRAY BEACH 1 | PROPERTY INFORMATION
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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
DELRAY BEACH 1 | PROPERTY INFORMATION
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Additional Photos
DELRAY BEACH 1 | PROPERTY INFORMATION
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATIONDELRAY BEACH
OFFERING MEMORANDUM
Each Office Independently Owned and Operated kwcommercial.com 9
Delray Beach
Regional Map
DELRAY BEACH 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 10
Location Maps
DELRAY BEACH 2 | LOCATION INFORMATION
Each Office Independently Owned and Operated kwcommercial.com 11
Delray Beach
Aerial Map
DELRAY BEACH 2 | LOCATION INFORMATION
SALE COMPARABLES
3 | SALE COMPARABLES
SALE COMPS
SALE COMPS SUMMARY
SALE COMPS MAP
3SALE COMPARABLESDELRAY BEACH
OFFERING MEMORANDUM
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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
$90,000Sale Price: 0.157 AcresLot Size:
$13.16Price PSF: $573,248Price / AC:
08/23/2019Closed:
1
2
101 NW 10th Avenue
Delray Beach, FL 33444
$89,000Sale Price: 0.202 AcresLot Size:
$10.11Price PSF: $440,594Price / AC:
08/16/2019Closed:
2
3
213 sw 6th ave
Delray Beach, FL FL 33444
$85,000Sale Price: 0.157 AcresLot Size:
$12.43Price PSF: $541,401Price / AC:
08/09/2019Closed:
3
Sale Comps
DELRAY BEACH 3 | SALE COMPARABLES
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4
131 nw 7th
Delray Beach, FL FL 33444
$85,000Sale Price: 0.157 AcresLot Size:
$12.43Price PSF: $541,401Price / AC:
09/20/2019Closed:
4
Sale Comps
DELRAY BEACH 3 | SALE COMPARABLES
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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
DELRAY BEACH 3 | SALE COMPARABLES
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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
DELRAY BEACH 3 | SALE COMPARABLES
DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICSDELRAY BEACH
OFFERING MEMORANDUM
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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