246 NE 6th Ave - Apartments CONDO FOR SALE


Delray Beach, FL 33483
$2,800,000 USD
732-567-5375
246 NE 6th Ave, Delray Beach, FL for Sale
$2,800,000 USD
Apartments CONDO - FOR SALE
1/1
null | Request Cap Rate

246 NE 6th Ave
Delray Beach, FL 33483


HIGHLIGHTS

  • Excellent Income-Generating Investment Opportunity
  • Perfectly situated in the heart of Downtown Delray
  • Newly Constructed Luxury Mixed-Use Development
  • Secure 10-year lease with a reputable Tenant

OVERVIEW

Nicole Melveney and TJ Verdiglione of Douglas Elliman are delighted to present a Remarkable Investment Opportunity: An Income-Producing Ground Floor Retail/Medical Condo, with a secured a long-term 10-year lease in place. Newly built out with top-of-the-line finishes, this property is centrally located in the heart of Delray Beach within a boutique luxury mixed-use building in the CBD-Central Business Zoning District of East Downtown Delray Beach. This luxury boutique development features a ground-floor retail/medical condo with a single tenant occupying 2,939 SF of usable space, offering excellent direct frontage, exposure, and optimal signage. The tenant, a well-established business with multiple locations throughout Florida, has a secured long-term 10-year lease and is set to open its Delray Beach location soon, making this an excellent investment opportunity. The space has been meticulously designed to optimize the tenant's success and operations. Additional details, such as the rent roll, are available upon request. Strategically located within walking distance to the renowned Atlantic Avenue & Pineapple Grove, this property offers proximity to beautiful Delray beaches, delightful shops, and exquisite restaurants, serving as a focal point for the finest offerings in Delray Beach. Additionally, it provides direct access to I-95, facilitating convenient business operations and travel. The property also offers easy access to major international airports, including Fort Lauderdale Airport (FLL), Palm Beach International Airport (PBI), and Miami International Airport (MIA), as well as nearby major cities. For additional information and to schedule a tour of the property, please call Nicole – 732.567.5375.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$953 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

246 ARIA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

15,000 SF

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CBD - Central Business Di

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Nicole MelveneyDouglas Elliman CommercialMore Info
732-567-5375

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Nicole MelveneyDouglas Elliman CommercialMore Info
732-567-5375

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