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… Read More 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 Read Less
Courtesy of Todd Wilson, Atlantic One Realty Group LLC 561-203-5170
Listing Snapshot
Days Online
5
Last Updated
Property Type
Mixed Use
Square Ft.
2,902
Year Built
1935
MLS Number
RX-11140139
30 Days Snapshot Of 33483
$1.23M
-82%
(avg) sold price
17
-32%
homes sold
130
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,902 total building square feet, Built in 1935, 2 stories, 3 units in build, Square footage source: SimpleTemplate, Smoke Alarm, Smoke Detector, Commercial, Free Standing, Restaurant
Cooling
Central
Floors
Other
Heating
Central
Lot
0 acres
Miscellaneous
Common Area Maint., Electric, Insurance, Water, Cash, Conventional
Property
Property type: E, Zoning: CBD(ci
Roof
Other
Taxes
Real estate taxes: $39,721, Year: 2024
Utilities
Cable, Gas Natural, Municipal Water, Public Sewer, Separate Meter
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