524 W Atlantic Av, Delray Beach

$1,100,000

0 Beds
0 Baths
1,280 Sqft
.1 Acres
0 Garages

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.This corridor will be seeing a lot of big investment and transformation in the next few years with a new grocery store going in on the next block west of this property and much more new development planned for this specific corridor called The Set. Features include: Stand Alone Bar Zoning- 750 foot radius use restriction, Frontage on Atlantic Avenue, Adjacent to City Ampitheatre, High Barrier to Entry Use in this Market, New Grocery Store Being Developed Directly to the West and Bite-size Commercial Deal in a Hot Area.

Essential Information
MLS® #RX-10338648
Price$1,100,000
Square Footage1,280
Acres0.10
Year Built1956
TypeCommercial
Sub-TypeRetail
StyleFree Standing
StatusPending
Community Information
Address524 W Atlantic Av
Area4470
SubdivisionDELRAY TOWN OF
CityDelray Beach
CountyPalm Beach
StateFL
Zip Code33444
Utilities

3-Phase Electric, Public Sewer, Public Water

Interior
AppliancesBuilding and Land
HeatingCentral
CoolingCentral
# of Stories1
Exterior
Lot DescriptionRetail
RoofOther
ConstructionCBS
Additional Information
ZoningCBD(ci
Listing Details
OfficeAtlantic One Realty Group LLC
Property History
Status Changed from Active to Pending
Status Changed from New to Active
LISTING MAP

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on August 18th, 2019 at 5:00am EDT.

Sign up for email updates