Delray Beach Multi-Use Commercial
For Sale
$5,000,000
Pending
117 NE 5th Ave, Delray Beach, FL 33483
Two-unit building in downtown Delray Beach with redevelopment potential.
Property Size7,267 SF
Lot Size0.32 Acres
Days on Market155
Property Features for 117 NE 5th Ave
General Information
Standard status
Pending
Size
7,267 SF
Lot size
0.32 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$48,421
Building Details
Building Size
7,267 SF
Year Built
1964
Stories
1
Units
2
Listing Agency:
Douglas Elliman
(561) 870-8855
Listed By:
Cheran Marek · License #677157
(561) 870-8855
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
Located one block from Atlantic Avenue in downtown Delray Beach, this multi-use commercial property features a free-standing, two-unit building situated on a double lot at the northeast intersection of NE 5th Avenue and NE 1st Street. The property is zoned CBD and offers redevelopment potential or can be maintained in its current state. It includes a 17-space off-street parking area. Unit A, currently tenant-occupied, provides 3366 square feet of space with an additional 1033 square foot loft area, consisting of offices, a conference room, a reception area, and storage. Unit B, which is now vacant, offers 2868 square feet of floor space, configured as a large, mostly open showroom, with an office/work room and an inventory/stock room in the back area that includes overhead garage door access. The lot size is 0.3226 acres, equivalent to 14052 square feet, with dimensions of 125 feet by 112.4 feet.
Key Highlights
- Prime Downtown Delray Beach location, just one block from Atlantic Avenue.
- Multi‑use commercial property with CBD zoning.
- Double lot offering redevelopment potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-unit building in downtown Delray Beach with redevelopment potential.
Where is this mixed-use property located?
The property is located at 117 NE 5th Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime Downtown Delray Beach location, just one block from Atlantic Avenue.; Multi‑use commercial property with CBD zoning.; Double lot offering redevelopment potential.
