234 NE 4th Ave 3,050 SF Industrial Building Delray Beach, FL 33483 $3,800,000 ($1,245.90/SF)

Rarely does a property come to market that satisfies the vision of an investor, entrepreneur, and enthusiast all at once. Located in the heart of Delray Beach — one of South Florida's most sought-after and high-demand corridors — this exceptional property offers a compelling combination of immediate livability, business utility, and significant redevelopment upside.
With ample square footage and a strategic location just steps from Delray's premier dining, retail, and entertainment destinations, the long-term value proposition here is undeniable. Whether you're looking to occupy, lease, or redevelop, the fundamentals are firmly in place.
For the Operator & Business Owner
Three oversized bays with AC'd storage provide the kind of professional-grade infrastructure that's nearly impossible to find this close to downtown. Two additional parking lots ensure that even the highest-demand use cases are covered — a genuine rarity in this market.
For the Enthusiast
The turn-key "Man Cave" is in a class of its own. A two-car lift, thoughtfully designed workspace, and a newly built second-floor live/work suite make this a functional and aspirational retreat that's move-in ready from day one.
For the Developer
The property's footprint, location, and zoning potential position it as a prime redevelopment candidate. In a market where land near Delray's core commands a premium, opportunities like this are few and far between.
Investment Highlights
CBD – Central Business District zoning with strong redevelopment potential
3,050 total SF: 1,525 SF warehouse + 1,525 SF live/work apartment
Three oversized, air-conditioned bays + AC'd storage
Two-car hydraulic lift — fully operational and included
Two additional surface parking lots — exceptional parking ratio for CBD
Newly designed second-floor live/work suite
0.30-acre assemblage spanning Lots 7, 8 & 9
2025 assessed value: $2,313,315 | Annual taxes: ~$46,276
Property Overview
Located at 234 NE 4th Avenue in Delray Beach's Central Business District, this versatile mixed-use property represents one of the most compelling opportunities in Palm Beach County's most active commercial corridor. The property operates today as a premium automotive/lifestyle facility and live/work space — and positions equally well as a redevelopment site for a developer with vision.
The ground floor warehouse delivers 1,525 SF of climate-controlled, professional-grade operational space with three bays, a two-car lift, and two adjacent surface parking lots — infrastructure that is virtually irreplaceable at this proximity to downtown Delray.
The second floor has been thoughtfully reimagined into a modern live/work suite, offering a rare opportunity for an owner-operator to occupy on-site or generate rental income while long-term plans are developed.
Location
Steps from Atlantic Avenue and Delray Beach's internationally recognized dining, retail, and arts scene, 234 NE 4th Ave benefits from exceptional walkability and one of South Florida's strongest tourism-driven consumer bases. The CBD zoning unlocks a broad range of permitted uses and redevelopment scenarios.
The Opportunity
Whether you are an investor seeking a value-add asset with near-term cash flow, an owner-operator looking for a turn-key facility with lifestyle upside, or a developer assembling CBD land in a supply-constrained market — this property delivers on all fronts.
Purpose-Built for the Multi-Location Restaurant Operator
For restaurant groups managing multiple locations across Palm Beach County, the single greatest competitive advantage is operational infrastructure — and that's exactly what 234 NE 4th Avenue delivers.
Centrally located in the heart of Delray Beach's CBD, this versatile mixed-use property is ideally suited to serve as a centralized hub for food storage, supply receiving, staff coordination, and management housing — eliminating the operational inefficiencies that come with running multiple locations without a dedicated base.
Why This Property Works for Your Operation
Centralized Food & Supply Storage
The 1,525 SF ground-floor warehouse offers climate-controlled, secure storage purpose-suited for bulk food inventory, dry goods, beverage stock, smallwares, and FF&E. Three oversized Air Conditioned bays allow for seamless vendor deliveries and organized outbound distribution to your locations — dramatically reducing per-location storage costs and food waste.
Staff & Management Housing
The newly designed 1,525 SF second-floor live/work suite provides quality on-site housing for key personnel — whether a head chef, operations manager, or seasonal staff. In a market where employee retention and housing costs are among the top challenges facing South Florida hospitality operators, this is a tangible and immediate benefit.
Logistics & Parking
Two additional surface parking lots accommodate delivery vehicles, staff vehicles, storage trailers and operational transport with ease — a logistical asset that is nearly impossible to secure at this proximity to downtown Delray Beach.
Investment Highlights
CBD – Central Business District zoning
1,525 SF climate-controlled warehouse — ideal for centralized food & supply storage
1,525 SF renovated live/work apartment — staff or management housing
Three oversized Air Conditioned bays for receiving and distribution
Two additional surface parking lots, with room for trailer storage, cars, and additional off-street spaces
0.30-acre assemblage spanning Lots 7, 8 & 9
Steps from Atlantic Avenue and Delray's premier dining corridor
2025 assessed value: $2,313,315 | Annual taxes: ~$46,276
Last sale: $3,100,000 (August 2023)
The Bottom Line
At $3,800,000, this property offers a multi-location restaurant operator the kind of centralized infrastructure that transforms daily operations — reducing costs, improving consistency, and freeing ownership to focus on growth. In a market as competitive and supply-constrained as Delray Beach CBD, opportunities like this do not return to market.