123 E Atlantic Ave - Storefront Retail/Office FOR SALE


Delray Beach, FL 33444
$4,000,000 USD
954-245-3513
123 E Atlantic Ave, Delray Beach, FL for Sale
$4,000,000 USD
Storefront Retail/Office - FOR SALE
1/42
null | Request Cap Rate

123 E Atlantic Ave
Delray Beach, FL 33444


HIGHLIGHTS

  • Incredible Location – East Atlantic Avenue Adjacent to Old School Square
  • Mixed-use Development with Retail on the Ground Floor and an Apartment / Office Above
  • Lots of New Developments in the Immediate Area, Including Sundy Village, Atlantic Crossing, SWAN Project, and More
  • Owner is Putting on a Brand-New Roof

OVERVIEW

This investment property allows an investor or an owner/user to secure a free-standing turn-key mixed-use property in the center of Downtown Delray Beach, Florida. This asset boasts a retail unit on the ground floor and an apartment on the 2nd floor that can also work as an office in a one-of-a-kind location in Delray Beach. The property has frontage on Atlantic Avenue east of I-95, the main drive to the beach. Atlantic Avenue is the strongest retail corridor of Delray Beach, where most of the retail and restaurants are located downtown. This property is directly adjacent to Old School Square Park with a sizeable 2nd-floor patio from the apartment that overlooks the cultural hub of the downtown. The firstfloor retail is between Tramonti and Sazio, both very busy Delray Beach iconic locations. Tramonti for lunch and dinner, and Sazio for its busy late-night pizza slice business. The property is being sold vacant.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$2,079 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CBD

APN/PARCEL ID

12-43-46-16-01-076-0161

ASK ABOUT THIS PROPERTY

Brian RosenMarcus & MillichapMore Info
954-245-3513

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Brian RosenMarcus & MillichapMore Info
954-245-3513

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