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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

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.
More about this property
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