1215 Wallace Dr - Office FOR SALE


Delray Beach, FL 33444
$6,250,000 USD
786-999-4541
1215 Wallace Dr, Delray Beach, FL for Sale
$6,250,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

1215 Wallace Dr
Delray Beach, FL 33444


HIGHLIGHTS

  • Premiere Single Story Office/Flex Property in Highly Desirable East Delray Beach Market
  • Significant recent improvements, including new restrooms, interior modernization, electrical upgrades, and A/C units
  • Exceptionally Maintained Asset with Secure Gated Parking and Extremely High Parking Ratio of almost 5/1,000
  • Designated Opportunity Zone in the Heart of Delray Beach
  • Located Just off I-95 and between Linton Boulevard and Atlantic Avenue.
  • Current Zoning Allows Variety of Uses Including: call center, light assembly, personal fitness, wholesale, distribution, and professional office.

OVERVIEW

CBRE Inc., as the exclusive advisor, presents “1215 Wallace Dr.” – a single tenant flex/office building located at 1215 Wallace Drive in Delray Beach, Florida. The property offers approximately 18,934 SF of rentable space on 1.80 acres of Opportunity Zoned land in the highly sought-after East Delray Beach market. Originally built in 1983, the property underwent significant renovations in 2007, including upgrades to restrooms, electrical systems, and HVAC units. The current occupant will vacate early, presenting an opportunity for a new owner or tenant to capitalize on the market’s low vacancy rates. With secure gated access, ample parking (94 spaces), and zoning for office and light industrial use, 1215 Wallace Drive is suitable for various purposes such as call centers, light assembly, fitness facilities, wholesale, distribution, or professional offices. This offering presents a unique chance for an owner user or investor to acquire a well-maintained building in a prime location with strong demographics.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Showroom, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

LI, County

APN/PARCEL ID

12-43-46-20-01-030-0040

ASK ABOUT THIS PROPERTY

786-999-4541

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786-999-4541

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