RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY IN DOWNTOWN DELRAY BEACH! LOCATION, LOCATION, LOCATION! An exceptional opportunity to acquire an oversized 10,500-square-foot lot and a half in highly desirable Osceola Park, just 3 blocks from world-famous Atlantic Avenue and approximately 4 blocks from the beautiful Atlantic Ocean! Surrounded by newer luxury homes and ongoing redevelopment, this property presents an exciting opportunity for investors, builders, and buyers looking to create something special in one of Delray Beach's most desirable locations. Currently situated on the property is a charming, updated 2-bedroom, 2-bath main residence with hardwood floors, along with a separate 1-bedroom, 1-bath guest cottage. The paved rear alley provides additional access and flexibility. Enjoy the potential for rental income while exploring future redevelopment possibilities, or envision a magnificent custom luxury residence on this generously sized parcel. Just minutes from the beach, outstanding restaurants, boutique shopping, and the vibrant nightlife of Downtown Delray Beach. PRIME LOCATION! OVERSIZED LOT! EXCEPTIONAL POTENTIAL! Buyers to verify all zoning, development possibilities, and permitted uses with the City of Delray Beach.