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Medical Office 255 George Bush Blvd 2,696 SF 60% Leased Office Building Delray Beach, FL 33444 $2,500,000 ($927.30/SF)
Investment Highlights
- Situated in a high-demand downtown submarket
- Ideal candidate for future mixed-use or office redevelopment
- 60% occupied by a medical tenant providing lease-up or owner-occupant opportunity
Executive Summary
Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is pleased to present the opportunity to acquire 255 George Bush Blvd at an offering price of $2,500,000. The Property consists of a 2,696 SF medical office building ideally located in the heart of Delray Beach. Strategically positioned along George Bush Boulevard, approximately one mile north of Atlantic Avenue and just west of Federal Highway, the Property benefits from excellent visibility, convenient access, and close proximity to Delray Beach’s premier retail and dining corridor. The site offers 24 parking spaces, providing an attractive parking ratio of 8.9/1,000 SF. Currently, the building is 60% leased to a single tenant occupying 1,616 SF, offering stable in-place income while presenting a value-add opportunity through lease-up of the remaining 1,080 SF vacancy. Additionally, the asset offers long-term upside through potential redevelopment upon tenant rollover, enhancing its appeal as both a cash-flowing investment and a strategic repositioning opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,696 SF
Building Class
B
Year Built
1966
Price
$2,500,000
Price Per SF
$927.30
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,696 SF
Building FAR
0.13
Lot Size
0.47 AC
Zoning
RO, Delray Beach - resi office
Parking
24 Spaces (8.9 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 12-43-46-09-28-012-0271 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,233,768 |
Property Taxes
Parcel Number
12-43-46-09-28-012-0271
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,233,768
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Medical Office | 255 George Bush Blvd
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