Log In/Sign Up
Your email has been sent.
504 E Atlantic Ave 2,902 SF 100% Leased Retail Building Delray Beach, FL 33483 $4,062,800 ($1,400/SF)
Investment Highlights
- A Great Location in The Center Of Downtown Delray Beach with Substantial Frontage
- Surrounded By Lots Of Parking, Including Public Lot And IPIC Garage.
- Anchored By A Highly Coveted Restaurant Use At A Below-Market Rent Providing Upside
- Sale Includes 4COP Liquor License with A Value Of $240K+
Executive Summary
Marcus & Millichap is pleased to present the restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment
property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a
restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at
below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue.
The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental
structure and the ability to liquidate 4COP to bring the basis down of the overall investment.
Don't hesitate to contact brian.rosen@marcusmillichap.com to register and secure the financial and lease information and details.
property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a
restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at
below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue.
The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental
structure and the ability to liquidate 4COP to bring the basis down of the overall investment.
Don't hesitate to contact brian.rosen@marcusmillichap.com to register and secure the financial and lease information and details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,902 SF
Building Class
B
Year Built
1935
Price
$4,062,800
Price Per SF
$1,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.21 AC
Zoning
CBD - Central Business District
Parking
11 Spaces (3.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- High-end Watch Repair
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| High-end Watch Repair | Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Walker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-43-46-16-G6-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,092,292 |
Property Taxes
Parcel Number
12-43-46-16-G6-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,092,292
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
504 E Atlantic Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.