524 W Atlantic Ave Delray Beach, FL 33483
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
Source:
Elliman
Listing Agent: Todd Wilson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
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
Nearby Similar for Sale
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.
