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246 NE 6th Ave - Ground Floor Suites For Sale Mixed Use 2,939 SF Office/Retail Condo Unit Offered at $2,400,000 in Delray Beach, FL 33483
Investment Highlights
- Income Producing Property Fully Leased Ground Floor Tenant, Great Monthly Cash Flow, Single Tenant, 7 Cap
Executive Summary
3,000 SF Commercial retail ground floor with long term single tenant for sale $2.4M Tenant has a ten year lease with renewal options. Great 7.2 cap rate, new construction in this mixed use development. Upper floors are privately owned Luxury Condominiums. This is not a multifamily or condominium sale offering. The condominiums located on the upper floors are privately and individually owned. Ample parking on site. Contact Agent. 214 336 0379 pamela.martin@elliman.com
Property Facts
1 Unit Available
Unit Suite 100
| Unit Size | 2,939 SF | Cap Rate | 7.20% |
| Price | $2,400,000 | NOI | $172,800 |
| Price Per SF | $816.60 | No. Parking Spaces | 8 |
| Condo Use | Office/Retail | Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Unit Size | 2,939 SF |
| Price | $2,400,000 |
| Price Per SF | $816.60 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| NOI | $172,800 |
| No. Parking Spaces | 8 |
| Sale Conditions | 1031 Exchange |
Description
This luxury mixed-use boutique development offers a fully leased ground-floor single-tenant retail space comprised of 3 suites all together. Current tenant has all three suites leased. 2,939 SF leased with a 10-year lease in place.
Investment opportunity to own ground floor in this prestigious new mixed use location.
This is not a multifamily offering or a condominium offering the luxury condominiums on the upper floors are individually and privately owned.
Located in the heart of East Delray Beach, this exceptional new development stands as the epitome of sophistication in the community. Contact Pamela Martin
Sale Notes
Fully leased ground floor retail space in this mixed use property available for sale. Great cap rate solid Med Spa tenant with multiple locations. Perfect 1031. The upper three floors are PRIVATELY OWNED luxury condominiums that owner of ground floor has no connection to.
Contact Agent.
214 336-0379
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246 NE 6th Ave - Ground Floor Suites For Sale Mixed Use
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