235-245 NE 4th Ave - Loft/Creative Space FOR SALE


Delray Beach, FL 33483
$5,858,000 USD
561-350-3103
235-245 NE 4th Ave, Delray Beach, FL for Sale
$5,858,000 USD
Loft/Creative Space - FOR SALE
1/18
null | 2.7% Cap Rate

235-245 NE 4th Ave
Delray Beach, FL 33483


HIGHLIGHTS

  • Hot Delray Beach Market 3 Blocks N. of Atlantic Avenue
  • Fronts on Both Southbound Federal Highway (5th Ave) and NE 4th Ave. Next Door to the New Hampton Hotel
  • Currently 10,800 sf of Fully Leased Office fronting with its own private Parking Lot
  • Change use to Residential or Mixed Use. Many Condos and Townhouse Projects in the Immediate Area. Hot Market for This Use.
  • Build New and Increased Office Space on Southbound Federal with Parking Garage and Go up 4 Stories, ask to see plans
  • Zoning CBD-RC .67 ACRES. Call Laura 561-350-3103 or Cecelia 561-302-8978 for More Details

OVERVIEW

Cash flowing 10,800 sq ft building with multiple tenants, located three blocks north of East Atlantic Ave. This property fronts on both Federal Highway (NE 5th Avenue) and NE 4 th Ave, adjacent to new Hampton Inn Hotel. This property is well positioned within one mile of the Beach and one mile of I-95. The site contains two free standing buildings totaling 10,800 sf of multi-tenant office and retail use. This parcel also contains its own private parking lot with 42 parking spaces, fronting NE 5th Avenue, in addition there is ample street parking. Possible space available for owner user at closing or reposition with new tenants at current market, several short-term leases currently in place.

FOR SALE DETAILS

PRICE

$5,858,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

2.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

CBD-RC

APN/PARCEL ID

12-43-46-16-47-000-0180

ASK ABOUT THIS PROPERTY

Laura AllenSouthdale Properties IncMore Info
561-350-3103

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Laura AllenSouthdale Properties IncMore Info
561-350-3103

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