1200 E Atlantic Ave - Storefront Retail/Residential FOR SALE


Delray Beach, FL 33483
$8,500,000 USD
561-905-0305
1200 E Atlantic Ave, Delray Beach, FL for Sale
$8,500,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 2.47% Cap Rate

1200 E Atlantic Ave
Delray Beach, FL 33483


HIGHLIGHTS

  • One Block from the ocean
  • Huge upside potential
  • Plans available for major luxury condo development located on 12,000 sq/ft of land

OVERVIEW

Prime mixed use luxury development opportunity one block from the beach. Presently income producing, buy and hold for future appreciation or redevelop as five specialty store spaces and five spacious luxury condos. Architecture and renderings provided by Randall Stofft Architects. Lot Size approx. 90' x 110'

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$1,267 USD /SF

CAP RATE

2.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CBD

APN/PARCEL ID

12-43-46-16-28-002-0032

ASK ABOUT THIS PROPERTY

Diana Edwards1200 Atlantic Project LLCMore Info
561-905-0305

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Diana Edwards1200 Atlantic Project LLCMore Info
561-905-0305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.