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    367 NE 3Rd Ave Delray Beach, FL 33444

    For Sale
    $2,400,000

    Freestanding building in Delray Beach's Arts District for sale.

    Lot size:
    0.06 Acres

    Property Features for 367 NE 3Rd Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1966

    Source: Better Homes & Gdns RE Fla 1st Agent Alex Sepkowski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Delray Beach Arts District Opportunity

    Located in Delray Beach's Arts District, this 1,600 square foot freestanding building is just steps from Atlantic Avenue and minutes from the beach. The property is zoned CBD-RC, offering flexible potential for retail, restaurant, office, or mixed-use. Plans for a second story are included in the sale. Situated in a vibrant neighborhood of galleries, boutiques, luxury apartments, hotels, and cultural venues, this space benefits from high foot traffic, high visibility, and creative energy. The property presents redevelopment potential and is suited for a restaurateur, investor, or developer.
    Insight Report Location Intelligence

    Current Use by Public Records

    Salty Dog Grooming Pet Groomer

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    From Roehm With Love, Delray Beach Florist

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0700558
    Latitude
    26.4682842

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    FAQs

    What type of property is this?
    Storefront property - Freestanding building in Delray Beach's Arts District for sale.
    Where is this storefront property located?
    The property is located at 367 NE 3Rd Ave Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime location in Delray Beach's Arts District, steps from Atlantic Ave and minutes from the beach.; - CBD-RC zoning allows for flexible use: retail, restaurant, office, or mixed-use.; - **Plans for a second story are included, offering significant redevelopment potential.**
    (410) 570-2380
    Request Owner's contact information
    367 NE 3Rd Ave Delray Beach, FL 33444
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    Delray Beach, FL 33444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    367 NE 3Rd Ave Delray Beach, FL 33444
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