Retail-Office
23 S Swinton Avenue Delray Beach, FL 33444
For Sale
$3,000,000
SINGLE_FAMILY - Delray Beach, FL
Property Size3,296 SF
Lot Size0.15 Acres
Price / SF$910.19
Days on Market250
Property Features for 23 S Swinton Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
OSSHAD
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
12434616010690100
Size
3,296 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF DELRAY LT 10 BLK 69 (OLD SCHOOL SQUARE HISTORIC DISTRICT)
Tax Annual Amount
17762
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1937
Floors in Building
2
Number of units
1
Flooring type
Tile, Vinyl
Roof type
Metal
Listing Agency:
Sutter & Nugent LLC
(561) 249-7266
Listed By:
Kyle Retamar · License #3421319
(561) 400-6673
Added: Nov 21, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:06AM
MLS# R11142674
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Proposed retail/office and residential building at 23 S Swinton Avenue in Delray Beach. The site is currently in the approvals and permitting process, with a proposed layout totaling just under 1,400 SF of retail/office space and approximately 1,800 SF of residential space. Parking is planned for the rear of the building, and proposed site plan and renderings are available upon request.
The property is described as being in the heart of Delray Beach, positioned across the street from Sundy Village. Zoning is listed as OSSHAD. The lot size is 0.15 acres.
The property is described as being in the heart of Delray Beach, positioned across the street from Sundy Village. Zoning is listed as OSSHAD. The lot size is 0.15 acres.
Key Highlights
- Building plan includes just under 1,400 SF of retail/office and 1,800 SF of residential space
- Parking located in the rear of the building
- Proposed site plan and renderings available; site currently in for approvals and permitting
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.3k | $45.60 |
| − Vacancy | −$33.8k | −$10.26 |
| EGI | $116.5k | $35.34 |
| − OpEx | −$29.1k | −$8.84 |
| NOI | $87.4k | $26.51 |
3,296 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,360 @ 7.0% cap · market cap 2.91%
Second Best
Retail
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 1.86%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,486 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Proposed retail/office and residential build with parking located at the rear of the building.
Where is this retail space located?
The property is located at 23 S Swinton Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Building plan includes just under 1,400 SF of retail/office and 1,800 SF of residential space; Parking located in the rear of the building; Proposed site plan and renderings available; site currently in for approvals and permitting
