$3,955,000 USD
Commercial for Sale, 504 E Atlantic Avenue, Delray Beach, Florida 33483
- MLS#RX-11140139
- 4
270 m² (2,902 ft²)
Listed By Atlantic One Realty Group LLC
The Commercial Property for Sale located at 504 E Atlantic Avenue, Delray Beach, Florida 33483 is currently for sale. 504 E Atlantic Avenue, Delray Beach, Florida 33483 is listed for $3,955,000. This property has 4 bathrooms.
Property features
Property
- Property size:
270 m² (2,902 ft²)
Lot/Land
- Land/Lot size:
283 m² (0.07 ac)
Construction
- Year built: 1935
Bathrooms
- Total bathrooms: 4
Security
- Features: Fire/SmokeSmoke Detector
Heating and Cooling
- Heating system: Central
- Cooling system: Central
Utilities
- Other utilities: Natural GasPublic Sewer
Description
Incredible 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
Location
504 E Atlantic Avenue, Delray Beach, Florida 33483