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

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Ilya Kulichkin

ilya@kiphomesgroup.com +1(561) 922-5296

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 mission is to bring light into the world of real estate by turning the complex into simple and hard into easy, one person and one transaction at a time!"

+1(561) 922-5296

ilya@kiphomesgroup.com

6700 North Andrews Ave. #203, Fort Lauderdale, FL, 33309

524 W Atlantic AVE Delray Beach, FL 33444