123 E Atlantic Ave
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123 E Atlantic Ave
1,924 SF Vacant Retail Building Delray Beach, FL 33444 £3,129,800 (£1,627/SF)
Investment Highlights
- Incredible Location – East Atlantic Avenue Adjacent to Old School Square
- Lots of New Developments in the Immediate Area, Including Sundy Village, Atlantic Crossing, SWAN Project, and More
- Mixed-use Development with Retail on the Ground Floor and an Apartment / Office Above
- Owner is Putting on a Brand-New Roof
Executive Summary
This investment property allows an investor or an owner/user to secure a free-standing turn-key mixed-use property in the center of Downtown Delray Beach, Florida. This asset boasts a retail unit on the ground floor and an apartment on the 2nd floor that can also work as an office in a one-of-a-kind location in Delray Beach. The property has frontage on Atlantic Avenue east of I-95, the main drive to the beach. Atlantic Avenue is the strongest retail corridor of Delray Beach, where most of the
retail and restaurants are located downtown.
This property is directly adjacent to Old School Square Park with a sizeable 2nd-floor patio from the apartment that overlooks the cultural hub of the downtown. The firstfloor
retail is between Tramonti and Sazio, both very busy Delray Beach iconic locations. Tramonti for lunch and dinner, and Sazio for its busy late-night pizza slice
business.
The property is being sold vacant.
retail and restaurants are located downtown.
This property is directly adjacent to Old School Square Park with a sizeable 2nd-floor patio from the apartment that overlooks the cultural hub of the downtown. The firstfloor
retail is between Tramonti and Sazio, both very busy Delray Beach iconic locations. Tramonti for lunch and dinner, and Sazio for its busy late-night pizza slice
business.
The property is being sold vacant.
Data Room Click Here to Access
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,924 SF
Building Class
C
Year Built
1950
Price
£3,129,800
Price Per SF
£1,627
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
0.55
Lot Size
0.08 AC
Zoning
CBD - Delray Beach's Central Business District (CBD)
Frontage
24 ft on E Atlantic Ave
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-43-46-16-01-076-0161 | Improvements Assessment | £84,931 |
| Land Assessment | £1,185,708 | Total Assessment | £810,722 |
PROPERTY TAXES
Parcel Number
12-43-46-16-01-076-0161
Land Assessment
£1,185,708
Improvements Assessment
£84,931
Total Assessment
£810,722
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123 E Atlantic Ave
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