524 W Atlantic AVE, Delray Beach, FL 33444
524 W Atlantic AVE, Delray Beach, FL 33444
524 W Atlantic AVE, Delray Beach, FL 33444
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Monica Brisson

Monica Brisson

+1(561) 235-2978
$1,100,000
Est. payment /mo
1,280 SqFt
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Pending

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $859

MLS Listing ID R10338648

HOA Y/N No

Year Built 1956

Annual Tax Amount $4,105

Tax Year 2016

Contingent Pending Inspections

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Industrial

Property Description

This property is being sold vacant and the rents illustrated are conservative net leased rents of $55 per square foot triple net. The rents are only being calculated on the under air space, but the property does offer a fenced in backyard as well. The current use of a free-standing bar is very coveted in Delray Beach as it provides a 750 foot radius restriction from another bar entering the market. Bars get some of the highest rents in the market based on the high margins on alcohol and the ability to operate on a lower overhead with reduced costs on overhead and costs associated with food. This asset is located on Atlantic Avenue East of I-95 and just west of Swinton Avenue. This corridor will be seeing a lot of big investment and transformation in the next few years with a new grocery store going in on the next block west of this property and much more new development planned for this specific corridor called The Set. Features include: Stand Alone Bar Zoning- 750 foot radius use restriction, Frontage on Atlantic Avenue, Adjacent to City Ampitheatre, High Barrier to Entry Use in this Market, New Grocery Store Being Developed Directly to the West and Bite-size Commercial Deal in a Hot Area.

Location

State FL

County Palm Beach

Area 4470

Zoning CBD(ci

Direction HEAD EAST ON ATLANTIC AVE. PROPERTY IS LOCATED ON ATLANTIC AVE ON THE LEFT RIGHT AFTER SW 6TH AVE & RIGHT BEFORE NW 5TH AVE.

Interior

Heating Central

Cooling Central Air

Flooring Tile

Exterior

Roof Type Other

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Senior Community No

Tax ID 12434616010210130

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Atlantic One Realty Group LLC

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Monica Brisson

Monica Brisson

+1(561) 235-2978

Broker Associate | License ID: 0645316

Broker Associate License ID: 0645316

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524 W Atlantic AVE