341 SE 2nd Ave - Restaurant FOR SALE


Delray Beach, FL 33483
$3,150,000 USD
561-245-2635
341 SE 2nd Ave, Delray Beach, FL for Sale
$3,150,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

341 SE 2nd Ave
Delray Beach, FL 33483


HIGHLIGHTS

  • Minutes to I-95, Atlantic Avenue, and the beach.
  • Rare CBD-RC zoning allows both residential and commercial use. Can build up to five floors.
  • Light industrial, warehouse, and multi family use potential. Long term, month-to-month tenants in place providing the option for a revenue stream.

OVERVIEW

Investor’s dream! Motivated seller! Double lot gem (13,260sqft) and multiple use zoning in the booming SofA District in East Delray, just blocks from Atlantic Avenue and the beach. Rare CBD-RC zoning allows both residential and commercial use. New owner can build up to five floors for mixed use space. Current zoning allows for 30 units/acre. 70 units/acre allowed provided that the project contains 20% workforce housing. Light industrial, warehouse, and multi family use potential. Long term, month-to-month tenants in place providing the option for a steady revenue stream (please do not disturb tenants).

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$630 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CBD-RC

APN/PARCEL ID

12-43-46-16-04-088-0060

ASK ABOUT THIS PROPERTY

Colleen NewlandDouglas EllimanMore Info
561-245-2635

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Colleen NewlandDouglas EllimanMore Info
561-245-2635

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