$ 3,955,000
-
$3,955,000
Price -
0
Bed -
4
Bath -
2,902
SqFt
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About the Listing 802573 - 60699852,20019933
Incredible restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue. The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental structure and the ability to liquidate 4COP to bring the basis down of the overall investment.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Zoning: CBD(ci
- Roof: Other
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $39,721
- Taxes w/Assessments: N/A
- Tax/Property ID: 12434616g60000020
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
504 E Atlantic Avenue, Delray Beach, Fl Delray Beach, FL
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