367 NE 3rd Ave
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367 NE 3rd Ave
1,600 SF Industrial Building Delray Beach, FL 33444 $4,535,904 CAD ($2,835 CAD/SF) 9.84% Cap Rate
Investment Highlights
- Prime Commercial property in the Arts District of Downtown Delray Beach
Executive Summary
Located in the dynamic Arts District of Downtown Delray Beach, this property is within walking distance to galleries, boutiques, shops, restaurants, and the new Ray Hotel is only steps away. This property offers high visibility and foot traffic. Enjoy the benefits of being near Atlantic Avenue, known for its thriving night life, dining and shopping, making this property ideal for attracting both locals and tourist.
In a high growth area, Delray Beach continues to be a sought after destination for business owners, entrepreneurs, and creatives with ongoing development and a supportive community atmosphere. With convenient access to major highways, this location ensures ease of access for clients and customers.
Don't miss out on a chance to invest in a rapidly growing area that offers endless potential for your business venture. Contact us today to explore the possibilities of this incredible property!
In a high growth area, Delray Beach continues to be a sought after destination for business owners, entrepreneurs, and creatives with ongoing development and a supportive community atmosphere. With convenient access to major highways, this location ensures ease of access for clients and customers.
Don't miss out on a chance to invest in a rapidly growing area that offers endless potential for your business venture. Contact us today to explore the possibilities of this incredible property!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$49,328
|
$30.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,328
|
$30.83
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $49,328 |
| Annual Per SF | $30.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $49,328 |
| Annual Per SF | $30.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,535,904 CAD | Lot Size | 0.06 AC |
| Price Per SF | $2,835 CAD | Rentable Building Area | 1,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.84% | Year Built | 1966 |
| Sale Conditions | Build to Suit | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C |
| Price | $4,535,904 CAD |
| Price Per SF | $2,835 CAD |
| Sale Type | Investment |
| Cap Rate | 9.84% |
| Sale Conditions | Build to Suit |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.06 AC |
| Rentable Building Area | 1,600 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Tenancy | Single |
| Parking Ratio | 2.5/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
1 of 1
Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 12-43-46-16-01-089-0100 | Improvements Assessment | $326,965 CAD |
| Land Assessment | $711,085 CAD | Total Assessment | $574,468 CAD |
PROPERTY TAXES
Parcel Number
12-43-46-16-01-089-0100
Land Assessment
$711,085 CAD
Improvements Assessment
$326,965 CAD
Total Assessment
$574,468 CAD
zoning
| Zoning Code | CBD-RC (Central Business District) |
| CBD-RC (Central Business District) |
-
Melanie Yeary -
LoKation Real Estate
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367 NE 3rd Ave
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