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117 NE 5th Ave 6,234 SF Vacant Retail Building Delray Beach, FL 33483 $5,000,000 ($802.05/SF)
INVESTMENT HIGHLIGHTS
- Corner highly visible property just one block north of Atlantic Avenue.
- CBD Zoning - High density for redevelopment.
- 17 parking spaces includes one handicapped on site (parking lot) double lot property.
EXECUTIVE SUMMARY
Multi-use commercial property with 17 space off street parking lot. A free standing corner 2-unit building on a double lot located at the intersection of NE 5th Avenue & NE 1st Street in Downtown Delray Beach. Unit A (Tenant Occupied) has 3366 sq ft plus a loft area of 1033 sq ft consisting of offices, conference room, reception area and storage. Unit B (now vacant)has 2,868 sq ft of available floor space & is a large, mostly open showroom, space with an office/work room and an inventory/stock room in back area with overhead garage door access. Property is zoned CBD. Lot is .3226 ACcres/14052 SF (125 x 112.4)
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,234 SF
Building Class
C
Year Built/Renovated
1964/1995
Price
$5,000,000
Price Per SF
$802.05
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.32 AC
Zoning
CBD, Delray Beach - CBD - Central Business District
Parking
8 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Captain Boro Holdings, LLC
- Management of Companies and Enterprises
- -
- -
- -
- Greenc LLC
- Public Administration
- -
- -
- -
- Robes Law Group
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Captain Boro Holdings, LLC | Management of Companies and Enterprises | - | - | - | ||
| Greenc LLC | Public Administration | - | - | - | ||
| Robes Law Group | Professional, Scientific, and Technical Services | - | - | - |
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-43-46-16-01-107-0091 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,321,592 |
PROPERTY TAXES
Parcel Number
12-43-46-16-01-107-0091
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,321,592
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117 NE 5th Ave
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