Delray Beach Residential Development Site 13038-13132 Barwick Road Delray Beach, FL Atlantic Ave. Delray Beach, FL table of contents Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Property Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Property Location. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Property Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Proposed Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Future Land Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Current Zoning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Future Zoning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Parcel ID # & Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Asset Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Demographics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Conceptual Site Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7-8 Maps & Aerials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9-12 Limitations and Disclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Terms & Conditions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Contact Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 2 highlights • Soon to be annexed into the City of Delray Beach, which will allow a maximum 12 units to the acre to be built •T he site was previously planned for 51 townhomes or a 100-bed ALF facility •A short drive to Downtown Delray and booming Atlantic Avenue •A djacent to A-rated elementary school, Banyan Creek •A -rated Atlantic Community High has one of the only International Baccalaureate programs in the county. •S urrounding neighborhoods are selling homes up to $600,000 3 Property Information Location • Located at 13038-13132 Barwick Rd in Delray Beach, FL 33483 -T he property is located just north of Lake Ida Rd and just east of Military Trail -A 10 minute to the heart of Downtown Delray and vibrant Atlantic Ave with high end restaurants, entertainment and shopping Property Description • The subject site is mostly rectangular and contains 6.68 acres. The site is to grade and there are currently two single-family homes on the property, and is vacant and at street level. Proposed Project (Figure 1) • The property was previously planned for 51 townhomes or a three story, 100 bed ALF facility Proposed Project - Figure 1 Future Land Use (Figure 2) • MD (Medium Density) 6.68 acres - Allows for 5-12 units per acre or a maximum of 80 units current zoning • The property currently has 3 different zoning classifications from Unincorporated Palm Beach County - RH- High Density Multifamily - AR- Agriculture Residential - MRH- Medium Residential Future Land Use - Figure 2 4 Property Information future zoning (Figure 3) • The Seller is in the process of having the property annexed into the City of Delray Beach and will be completed prior to a purchaser’s closing. •F uture zoning by the City of Delray is MD-12, which allows for up to 12 units per acre Parcel ID # & Taxes Parcel Parcel ID Taxes 1 00-42-46-12-00-000-1020 $5,050 2 00-42-46-12-00-000-1050 $5,011 3 00-42-46-12-00-000-1060 $1,600 Asset Summary Address 13038-13132 Barwick Rd. Delray Beach, FL 33483 Site Size 6.68 Acres Previous Plan 52 townhomes or 100 bed ALF Future Land Use Multi and Single-Family Residential Current Zoning RH – High Density Multifamily / AR – Agriculture / MR5- Medium Residential Future Zoning MD-12 by the City of Delray Status In the process of being annexed into Delray Beach Parcel ID 00-42-46-12-00-000-1020 / 1050 / 1060 Price $2,295,000 Future Zoning - Figure 3 Asking Price: $2,295,000 5 demographics Radius 1 Mile 3 Mile 5 Mile 11,923 11,549 11,996 98,745 93,397 89,423 252,504 237,902 224,566 3.24% -3.73% 880 11,549 8,287 2,756 20 336 10 141 5.73% 4.44% 7,319 93,397 73,334 17,521 156 1,410 57 919 6.14% 5.94% 23,512 237,902 190,733 39,063 501 4,767 135 2,703 Population 2019 Projection 2014 Estimate 2010 Census Growth 2014-2019 Growth 2010-2014 2014 Population by Hispanic Origin 2014 Population by Race White Black Amer. Indian & Alaskan Asian Hawaiian & Pacific Island Other Households 2019 Projection 2014 Estimate 2010 Census Growth 2014 - 2019 Growth 2010 - 2014 Owner Occupied Renter Occupied 2014 Households by HH Income <$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+ 2014 Avg Household Income 2014 Med Household Income 5,157 4,997 5,191 3.20% 1.23% 4,597 399 4,995 973 1,225 1,058 614 415 239 281 190 $73,387 $55,942 71.76% 23.86% 0.17% 2.91% 0.09% 1.22% 92.00% 7.98% 19.48% 24.52% 21.18% 12.29% 8.31% 4.78% 5.63% 3.80% 49,569 46,819 44,576 5.87% 0.55% 38,295 8,524 46,819 12,917 13,735 8,223 4,222 2,888 1,874 1,535 1,425 $61,192 $42,132 78.52% 18.76% 0.17% 1.51% 0.06% 0.98% 81.79% 18.21% 27.59% 29.34% 17.58% 9.02% 6.17% 4.00% 3.28% 3.04% 122,104 115,078 108,693 6.11% 0.94% 89,161 25,917 115,078 28,675 31,045 20,375 11,564 8,035 5,345 4,188 5,851 $69,699 $47,641 80.17% 16.42% 0.21% 2.00% 0.06% 1.14% 77.48% 22.52% 24.92% 26.98% 17.71% 10.05% 6.98% 4.64% 3.64% 5.08% 6 conceptual site plan 7 site plan 8 survey 9 MAPS & AERIALS 10 MAPS & AERIALS 11 drive-time map 12 Limitations and Disclaimer This report is considered to be Confidential Information concerning Andrew V Podray’s (the ‘Seller”) asset in Delray Beach, Florida. This document has been directly delivered by Realty Masters Advisors, LLC (“RMA” or “Broker”) to interested parties for their sole use in evaluating a transaction with the Seller. Use of this information for other purposes or distribution (all or in part) of this information to other parties is prohibited without prior written consent of Realty Masters and the Seller. This Confidential Information is not to be disclosed, directly or indirectly, to any third party, except the following persons as necessary to assist you in evaluating any proposed transaction: (a) your employees, officers and directors; (b) your agents and representatives, including attorneys, accountants, financial advisors and other professional advisors and consultants who need to know such information for the purpose of evaluating such possible transaction and (c) applicable regulatory agencies having the jurisdiction over you ((a), (b), and (c) individually, a “Permitted Party” and collectively, the “Permitted Parties”). Provided, however, that before providing the Confidential Information to any Permitted Party, you shall inform such Permitted Party of the confidential nature of this information. No representation or warranty, express or implied, is made as to the accuracy of the information set forth herein. Any party seeking to enter into a transaction with the Seller is responsible for completing appropriate due diligence as they shall determine. Terms & Conditions The Seller has engaged Realty Masters Advisors, LLC (“RMA”) to serve as the exclusive real estate broker to market and receive offers on the property. All offers should be made subject to the Limitations and Disclaimers, as well as, but not limited to, consideration of the following assumptions: •A ll sales are “As-Is”. Buyers are strongly encouraged to complete their own due diligence related to but not limited to, the value, condition and status of the asset. • The Seller will deliver free and clear title to the property. • Realty Masters and the Seller make no representation as to the description, condition, or suitability of the property. •T he property described in this document may not be available for sale due to the Seller’s negotiations with buyers. Neither the Seller nor Realty Masters are required to update this document to reflect such changes. 13 Considering Selling Real Estate In Florida? (or know someone who is) Be Sure To Talk To Us First! Connecting Properties with People RMAfla.com • 954.523.2224 • Ft. Lauderdale • Orlando • Naples Contacts: John Csapo P: 954-862-7537 E: [email protected] Don Ginsburg P: 954-862-7534 E: [email protected] Statewide commercial brokerage Main Office 208 SE 9th Street Ft Lauderdale, FL 33316 Naples Office 780 Fifth Avenue South Naples, FL 34102 RMAfla.com Licensed Real Estate Brokers Orlando Office 390 N Orange Ave, Ste 2300 Orlando, FL 32801
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