Schumacher Auto Group buys Delray dealer site for $16M

Miami /
Oct.October 16, 2015 03:00 PM

Shifting gears into a new market, West Palm Beach-based Schumacher Auto Group paid $16 million for a nearly 14-acre property in Delray Beach, county records show.

Delray Motors Inc., formerly Delray Lincoln Mercury, sold the dealership off of South Federal Highway and south of East Linton Boulevard.

The Delray Beach dealership, at 1835 Old Dixie Highway, was developed in 1961, according to Palm Beach County property records. Chrysler, Dodge, Jeep and Ram are all located at the former Delray Motors site, as well as Lincoln of Delray.

Schumacher has nine locations in West Palm Beach and North Palm Beach, according to the company’s website. The auto dealer financed the deal with a $20.49 million mortgage from Ally Bank.

Timothy, Bruce and Lisa Young owned and ran the dealership under Delray Motors Inc. Previous sales information for the property was not available in county records.


Related Articles

arrow_forward_ios
Mixed-use Delray Beach development on former Office Depot HQ site advances

Mixed-use Delray Beach development on former Office Depot HQ site advances

Mixed-use Delray Beach development on former Office Depot HQ site advances
Kevin Neal, Trinsic Residential’s managing director for South Florida, and a rendering of the project

Trinsic set to build 292-unit apartment complex in Delray Beach

Trinsic set to build 292-unit apartment complex in Delray Beach
Stuart Miller & Mike Nunziata, with a rendering of Avalon Trials (Credit: Lennar Homes)

Lennar spends $28M for lots on former golf course in Delray Beach

Lennar spends $28M for lots on former golf course in Delray Beach
16021 Quiet Vista Circle, Delray Beach (Realtor)

Estate of late developer sells mansion near Delray Beach for discounted $6M

Estate of late developer sells mansion near Delray Beach for discounted $6M
Mark Pulte & 701 South Ocean Boulevard, Delray Beach (Credit: Google Maps)

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M
1275 North Ocean Boulevard, Flex Seal founder Phil Swift (Credit: Daniel Petroni Photography/Douglas Elliman)

Flex Seal founder seals the deal for Gulf Stream mansion

Flex Seal founder seals the deal for Gulf Stream mansion
Lee Kennedy, Bob Bartosiewicz, and 963 Evergreen Drive (Credit: Google Maps)

Seeing dollar signs: Former finance head sells waterfront Delray Beach mansion

Seeing dollar signs: Former finance head sells waterfront Delray Beach mansion
Max Weinberg and Delray Beach (Credit: Sergione Infuso/Corbis via Getty Images)

Born to serve: Springsteen drummer Max Weinberg joins Delray planning and zoning board

Born to serve: Springsteen drummer Max Weinberg joins Delray planning and zoning board
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...