Homes for sale - 524 W Atlantic AVE, Delray Beach, FL 33444

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

Dec

Fri

Dec

Sat

Dec

Michael Brooks

michael@realbrooks.com +1(561) 323-5994

Listed by Atlantic One Realty Group LLC

$ 1,100,000

Est. payment | -/mo

2 Baths

1,280 SqFt

Save

$ 1,100,000

Est. payment | -/mo

Save

2 Baths

1,280 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Pending

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $859

Subdivision Delray Town Of

MLS Listing ID RX-10338648

Year Built 1956

Annual Tax Amount $4,105

Tax Year 2016

Lot Size 4,356 Sqft

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.

Location

State FL

County Palm Beach

Area 4470

Zoning CBD(ci

Interior

Heating Central

Cooling Central

Flooring Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Electric, Public Sewer, Public Water

Roof Type Other

Building

Story 100.00

Foundation CBS

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 323-5994

michael@realbrooks.com

39899 Balentine Dr, Suite 200, Newark, CA, 94560, United States

524 W Atlantic AVE Delray Beach, FL 33444