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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 | $2,032,486 |
PROPERTY TAXES
Parcel Number
12-43-46-16-G6-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,032,486
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504 E Atlantic Ave
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