DELRAY BEACH · Commercial Sale
1200 E Atlantic Ave, Delray Beach FL 33483
$8,500,000
01 — THE RESIDENCE
The details make
the difference.
A considered introduction to this property, using the information provided with its MLS listing.
Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3. 7% cap rate at asking price); 2027 projected NOI $338,734 (about 4. 0% cap). 10 parking spaces.
Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
03 — PROPERTY PROFILE
Residence at a glance.
05 — LOCATION
Find your place
in Delray Beach.
1200 E Atlantic Ave, Delray Beach FL 33483
The map uses coordinates supplied with the MLS record. Pin positions may be approximate; verify exact access and location with your advisor.
THE WOLSEN EXPERIENCE
Every extraordinary address
begins with a conversation.
Discover more about this property through a personal, considered conversation.