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    524 W Atlantic Ave Delray Beach, FL 33444

    For Sale
    $1,100,000

    Freestanding bar property for sale on Atlantic Avenue.

    Lot size:
    0.10 Acres

    Property Features for 524 W Atlantic Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1956

    Source: Atlantic One Realty Group LLC Agent Todd Wilson

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

    Overview

    Delray Beach Freestanding Bar

    This vacant property, currently used as a freestanding bar, is located on Atlantic Avenue, east of I-95 and west of Swinton Avenue in Delray Beach, Florida. The property includes a fenced-in backyard. The existing bar use is particularly valuable due to a 750-foot radius restriction, preventing new bars from entering the market nearby. The property is being sold vacant, and the illustrated rents are conservative net leased rents of $55 per square foot triple net, calculated based on the under-air space. Bars in this market achieve high rents due to substantial alcohol margins and lower overhead costs related to food service.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dynamics Swimwear Men'S Clothing Store The Bearded Rooster Bar Born Free Coffee Coffee Shop Sundook Art Galleries Art Gallery

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Atlantis county club, The Seagate Golf Club, Hamlet Country Club

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0786298
    Latitude
    26.4614135

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    FAQs

    What type of property is this?
    Bar - Freestanding bar property for sale on Atlantic Avenue.
    Where is this bar located?
    The property is located at 524 W Atlantic Ave Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime location on Atlantic Avenue, East of I-95 and West of Swinton Avenue in Delray Beach.; - Free-standing bar use is highly coveted due to a 750-foot radius restriction on new bars.; - Potential for high rental income due to the high margins on alcohol and lower overhead associated with bar operations.
    (561) 436-4467
    Request Owner's contact information
    524 W Atlantic 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
    524 W Atlantic Ave Delray Beach, FL 33444
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