341 SE 2nd Ave
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 12-43-46-16-04-088-0060 | Improvements Assessment | £234,525 |
Land Assessment | £458,047 | Total Assessment | £661,068 |
PROPERTY TAXES
Parcel Number
12-43-46-16-04-088-0060
Land Assessment
£458,047
Improvements Assessment
£234,525
Total Assessment
£661,068
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341 SE 2nd Ave
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