About 504 E Atlantic Av
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.
Features of 504 E Atlantic Av
| MLS® # | RX-11140139 |
|---|---|
| Price | $3,955,000 |
| Square Footage | 2,902 |
| Acres | 0.07 |
| Year Built | 1935 |
| Type | Commercial |
| Sub-Type | Mixed |
| Style | Commercial, Free Standing, Restaurant |
| Status | Active |
Community Information
| Address | 504 E Atlantic Av |
|---|---|
| Area | 4230 |
| Subdivision | ANTIQUE EXPERIENCE |
| City | Delray Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33483 |
Amenities
| Utilities | Cable, Municipal Water, Public Sewer, Separate Meter, Gas Natural |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Central |
| Cooling | Central |
| # of Stories | 2 |
Exterior
| Lot Description | 19-23 SE 5th Avenue |
|---|---|
| Roof | Other |
Additional Information
| Zoning | CBD(ci |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Atlantic One Realty Group LLC |
|---|