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341 SE 2nd Ave

5,000 SF 100% Leased Retail Building Delray Beach, FL 33483 £2,467,395 (£493/SF)

Investment Highlights

  • Minutes to I-95, Atlantic Avenue, and the beach.
  • Light industrial, warehouse, and multi family use potential. Long term, month-to-month tenants in place providing the option for a revenue stream.
  • Rare CBD-RC zoning allows both residential and commercial use. Can build up to five floors.

Executive Summary

Investor’s dream! Motivated seller! Double lot gem (13,260sqft) and multiple use zoning in the booming SofA District in East Delray, just blocks from Atlantic Avenue and the beach. Rare CBD-RC zoning allows both residential and commercial use. New owner can build up to five floors for mixed use space. Current zoning allows for 30 units/acre. 70 units/acre allowed provided that the project contains 20% workforce housing. Light industrial, warehouse, and multi family use potential. Long term, month-to-month tenants in place providing the option for a steady revenue stream (please do not disturb tenants).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
C
Year Built
1957
Price
£2,467,395
Price Per SF
£493
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.38
Lot Size
0.30 AC
Zoning
CBD-RC - Rare CBD-RC zoning allows both residential and commercial use. New owner can build up to five floors for mixed use space.
Parking
8 Spaces (1.61 Spaces per 1,000 SF Leased)
Frontage
56 ft on Southeast 2nd Avenue
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Barcelona Wine Bar
Peet's Coffee
Truist
Burgerim
Starbucks
BankUnited
The Northern Trust Company
Checkers
Publix
City National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-43-46-16-04-088-0060
Land Assessment
£458,047
Improvements Assessment
£234,525
Total Assessment
£661,068
  • Listing ID: 29462081

  • Date on Market: 07/09/2023

  • Last Updated:

  • Address: 341 SE 2nd Ave, Delray Beach, FL 33483

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