1200 E Atlantic Ave
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1200 E Atlantic Ave
6,708 SF 75% Leased Retail Building Delray Beach, FL 33483 $12,048,495 CAD ($1,796 CAD/SF) 2.47% Cap Rate
Investment Highlights
- One Block from the ocean
- Plans available for major luxury condo development located on 12,000 sq/ft of land
- Huge upside potential
Executive Summary
Prime mixed use luxury development opportunity one block from the beach. Presently income producing, buy and hold for future appreciation or redevelop as five specialty store spaces and five spacious luxury condos. Architecture and renderings provided by Randall Stofft Architects. Lot Size approx. 90' x 110'
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,708 SF
Building Class
B
Year Built/Renovated
1951/1980
Price
$12,048,495 CAD
Price Per SF
$1,796 CAD
Cap Rate
2.47%
NOI
$297,669 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.26 AC
Zoning
CBD - Central Business District
Parking
10 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
90 ft on E Atlantic Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 600 SF | Restaurant | - | Now |
| 1202 B | 1,064 SF | Office | - | Now |
1st Floor
| Size |
| 600 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1202 B
| Size |
| 1,064 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 600 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1202 B
| Size | 1,064 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-43-46-16-28-002-0032 | Improvements Assessment | $1,176,006 CAD |
| Land Assessment | $4,017,467 CAD | Total Assessment | $5,160,819 CAD |
PROPERTY TAXES
Parcel Number
12-43-46-16-28-002-0032
Land Assessment
$4,017,467 CAD
Improvements Assessment
$1,176,006 CAD
Total Assessment
$5,160,819 CAD
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1200 Atlantic Project LLC
1200 E Atlantic Ave
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