504 E Atlantic Avenue, Delray Beach, FL, 33483
1935
2,902 sqft
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
Status:
Active
Type:
Commercial
Units:
3
Zoning:
CBD(ci
Complex:
ANTIQUE EXPERIENCE
Building Type:
Commercial,Free Standing,Restaurant
Heating:
Central
Cooling:
Central
Levels:
2.0
Acreage:
0.07
Est. Taxes:
$39,721
Current Use
Mixed
Utilities
Cable,Gas Natural,Municipal Water,Public Sewer,Separate Meter
Lease Term Type:
None
Owner Pays:
Common Area Maint.,Electric,Insurance,Water
MLS #:
RX-11140139
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Atlantic One Realty Group LLC (561) 203-5170