$ 1,100,000
524 W Atlantic AVE Delray Beach, FL 33444
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Listed by Atlantic One Realty Group LLC
$ 1,100,000
Est. payment /mo
Pending
524 W Atlantic AVE Delray Beach, FL 33444
2 Baths
1,280 SqFt
UPDATED:
08/25/2024 05:24 AM
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