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524 W Atlantic Ave Delray Beach, FL 33483

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Pending
$1,100,000

Freestanding bar with high barrier to entry use.

Lot size:
0.10 Acres

Property Features for 524 W Atlantic Ave

General Information

Property type
Industrial
Standard status
Pending
Lot size
0.10 Acres

Building Details

Year built
1956

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Listing Contact
Todd Wilson
Todd Wilson
Source: Elliman

Listing Agent: Todd Wilson

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

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Overview

Delray Beach Freestanding Bar

This property, currently a freestanding bar, is being sold vacant. The location on Atlantic Avenue, east of I-95 and west of Swinton Avenue in Delray Beach, is poised for significant investment and transformation, with a new grocery store planned for the next block to the west and further development anticipated for the corridor known as The Set. The existing bar use is particularly valuable due to a 750-foot radius restriction preventing new bars from entering the market. Bars in this area command high rents due to substantial alcohol margins and lower overhead costs. The property features frontage on Atlantic Avenue and adjacency to the city amphitheater. The rents illustrated are conservative net leased rents of $55 per square foot triple net, calculated only on the under-air space. The property also includes a fenced-in backyard.
Location Intelligence

Current Use by Public Records

Dynamics Swimwear Clothing & Fashion Store The Bearded Rooster Bar & Pub Born Free Coffee Cafe & Coffee Shop Sundook Art Galleries Art Gallery

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Similar Places Nearby

Everybody Dance Disc Jockey, Peachy Keen, Ocean Garden Bar, Wxyz Bar, Kevro's Art Bar

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 & Pub - Freestanding bar with high barrier to entry use.
Where is this bar & pub 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, in a rapidly developing corridor ('The Set').; - Free-standing bar zoning with a 750-foot radius restriction, creating a high barrier to entry for competitors.; - Potential for high net leased rents ($55 per square foot triple net) based on current market rates for bars.
More about this property
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