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341 SE 2nd Ave 5,000 SF 100% Leased Retail Building Delray Beach, FL 33483 $3,400,000 ($680/SF) 1.11% Cap Rate
INVESTMENT HIGHLIGHTS
- RARE DOUBLE LOT (13,260 SQFT)
- STEADY INCOME
- AAA LOCATION ADJACENT TO DOWNTOWN DELRAY
EXECUTIVE SUMMARY
***INVESOR'S DREAM IN EAST DELRAY!*** Rare double lot (13,260 sqft) in the booming SofA District, just blocks from Atlantic Ave and the beach. Prime CBD-RC zoning allows residential, commercial, or mixed-use up to 5 stories. Build 30 units/acre or up to 70 units/acre with 20% workforce housing. Ideal for multifamily, light industrial, or warehouse use. Month-to-month tenants provide steady income while planning your project. Don’t miss this rare opportunity in one of Delray’s fastest-growing areas!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1957
Price
$3,400,000
Price Per SF
$680
Cap Rate
1.11%
NOI
$37,795
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.30 AC
Zoning
CBD-RC - Rare CBD-RC zoning allows both residential and commercial use. New owner can build up to five floors for mixed use space.
Parking
8 Spaces (1.61 Spaces per 1,000 SF Leased)
Frontage
56’ on Southeast 2nd Avenue
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-43-46-16-04-088-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $928,347 |
PROPERTY TAXES
Parcel Number
12-43-46-16-04-088-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$928,347
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341 SE 2nd Ave
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