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Investment Highlights

  • Mixed-use asset combines luxury residential and retail components with a freestanding retail/fitness building, creating a diversified income stream.
  • Nearly an acre of highly desirable US Highway 1 frontage offers significant underlying land value in a corridor with a historically high trade rate.
  • Long-term leases ranging from 5 to 10 years provide stable cash flow with contractual annual rent increases of 3% or CPI, offering predictable growth.
  • Location delivers exceptional visibility and accessibility near I-95, Downtown Delray Beach, Atlantic Avenue, and affluent South Florida communities.

Executive Summary

Located along a premier South Florida commercial corridor, 2050 and 2100 N Federal Highway present a rare opportunity to acquire a mixed-use investment asset offering stable cash flow and long-term land value appreciation. The property at 2050 N Federal Highway features three luxury apartments and a retail building, while 2100 N Federal Highway consists of a freestanding retail and fitness facility, creating a diversified income stream supported by multiple tenant types. Recently executed lease agreements with terms ranging from 5 to 10 years provide investors with durable income, predictable cash flow, and built-in annual rent growth through 3% fixed increases or CPI-based escalations.

What further distinguishes this offering is its significant underlying real estate value. Situated on nearly 1 acre of land along the highly sought-after US Highway 1 corridor, where raw land has recently traded at approximately $4 million to $5 million per acre, the buildings offer investors immediate income and compelling long-term redevelopment potential. Strong in-place cash flow, contractual rent growth, and valuable land positioning create an attractive risk-adjusted investment opportunity in a supply-constrained market.

With frontage on N Federal Highway (US Highway 1), a major north-south artery connecting Delray Beach to Boca Raton, Boynton Beach, and the broader South Florida region, the location offers excellent accessibility for residents and customers. Interstate 95 is just minutes away, providing swift connectivity throughout Palm Beach, Broward, and Miami-Dade Counties, while nearby Tri-Rail service enhances regional transportation options.

Tenants and visitors enjoy closeness to many of Delray Beach's most popular destinations. Downtown Atlantic Avenue, renowned for its vibrant collection of restaurants, boutiques, galleries, and entertainment venues, is only a short drive away. The property is also near Delray's waterfront, public beaches, luxury residential communities, and numerous lifestyle amenities that continue to attract residents, visitors, and businesses to the area. Palm Beach International Airport (PBI) is within convenient driving distance, further enhancing the property's appeal to local and regional users.

Stable income, annual rent growth, intrinsic land value, and an exceptional 23050 & 2100 N Federal Highway offer stable income, annual rent growth, intrinsic land value, and an exceptional location providing investors the opportunity to acquire a well-positioned asset with immediate returns and substantial long-term upside.

Property Facts

Price $5,250,000
Price / SF $471.19 / SF
Cap Rate 6.29%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 11,142 SF
Total Land Area 0.90 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2050 N Federal Hwy, Delray Beach, FL 33483 Retail 8,027 SF 1969 -
2100 N Federal Hwy, Delray Beach, FL 33483 Retail 3,115 SF 1969 -
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Sale Advisor

Sale Advisor

Louis Giorgi, President
Louis Giorgi is a seasoned commercial real estate professional and the President at Bark Management, where he oversees acquisitions, developments, and property management. Specializing in South Florida properties, Louis brings deep market expertise and a strategic approach to identifying and maximizing investment opportunities. His leadership at Bark Management ensures the growth and success of a diverse portfolio, driving value through thoughtful asset management and development initiatives.
  • Listing ID: 31154584

  • Date on Market: 11/27/2023

  • Last Updated:

  • Address: 2050 & 2100 N Federal Highway, Delray Beach, FL

Contact the Sale Advisor

2050 & 2100 N Federal Highway

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