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    123 NE 2Nd Ave Delray Beach, FL 33444

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    For Sale
    $1,650,000

    Pristine 1,138 SF commercial condo in downtown Delray Beach.

    Building Details

    Year built
    2008

    Source: Coastal Commercial Group, LLC Agent Ingrid Kennemer

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

    Overview

    Downtown Delray Beach Commercial Condo

    A 1,138 +/- SF ground floor commercial condo is available for sale in downtown Delray Beach. The property features large windows providing natural light, high ceilings with exposed beams, polished concrete floors, and hurricane impact doors and windows. It includes one bathroom and three reserved garage parking spaces. Public parking is located adjacent to the property. The condo is situated one block north of Atlantic Avenue on Pineapple Grove Way and NE 1st Street, and is located near The Ray Hotel and The Rosewater Rooftop Restaurant. The owner has access to a rooftop pool and cabana. The property is zoned for retail space, with a monthly condo fee of $489.00.
    Insight Report Location Intelligence

    Current Use by Public Records

    FURST Leather Goods Store

    Suggested Use

    Law Firm Restaurant Dental Office Realty agency 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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.074906
    Latitude
    26.458818

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    FAQs

    What type of property is this?
    Storefront property - Pristine 1,138 SF commercial condo in downtown Delray Beach.
    Where is this storefront property located?
    The property is located at 123 NE 2Nd Ave Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Prime Downtown Delray Beach location, just 1 block from Atlantic Avenue and near The Ray Hotel.; - 1,138 +\/- SF ground floor commercial condo with retail zoning.; - Includes 3 reserved garage parking spaces.
    (561) 441-0967
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    123 NE 2Nd 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
    123 NE 2Nd Ave Delray Beach, FL 33444
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