Address
524 W Atlantic Avenue Delray Beach, FL
Price
$ 1,100,000
Property Attributes
  • MLS#RX-10338648
  • TypePending
  • CountyPALM BEACH
  • CityDelray Beach
  • Area4470
  • NeighborhoodDelray Town Of
  • Zip33444
  • StyleRetail
  • Year Built1956
  • Taxes$ 4105
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1280
Listing Provided Courtesy Of:
Atlantic One Realty Group LLC
Data Source:
Beaches MLS
Property Description

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.

Price History
5/31/2017 Listed $1,100,000

General Features

Area 4470
Auction No
Construction CBS
Contingent Pending
Cooling Central
Flooring Tile
For Lease No
Geo Area PB06
Geo Lat 26.461349
Geo Lon -80.078636
Heating Central
Legal Description TOWN OF DELRAY E 50 FT OF W 175 FT OF S 90 FT OF N 110 FT BLK 21
Possession At Closing
Property Type E
Roof Other
Status Pending
Stories 1.0
Subdivision DELRAY TOWN OF
Tax Year 2016
Tenant Pays None
Terms Considered Cash, Conventional, Other
Type Industrial
Type Of Building Free Standing
Use Retail
Utilities Electric, Public Sewer, Public Water
Waterfront No
Year Built 1956
Zoning CBD(ci

Interior Features

Total Number of Units 1

Exterior Features

Sale Includes Building and Land
Lot Size 0.10
Property Desc Retail

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33444

Price
AVG $620K
$1.1M
Taxes
AVG $7,862
$4,105
Visits
AVG 131
730
Year Built
AVG 1985
1956
Walkscore
AVG 49
84
Data Provided by Walkscore ® not using MLS data

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