Delray Beach Freestanding Commercial
For Sale
$4,990,000
124 NE 5th Avenue, Delray Beach, FL 33444
Free-standing commercial property in Delray Beach's CBD, built in 2018.
Property Size6,364 SF
Lot Size0.31 Acres
Price / SF$784.10
Days on Market160
Property Features for 124 NE 5th Avenue
General Information
Standard status
Active
Size
6,364 SF
Lot size
0.31 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$61,449
Amenities
Central Air, A/C - Zone
3
CBD (city)
Waterfront.
15 Parking Spaces.
Sidewalks, Landscaped. Asphalt, City Road, Community Maintenance.
Building Details
Year Built
2018
Listing Agency:
Sotheby's Intl. Realty, Inc.
(561) 659-3555
Listed By:
Ellison Dobbs · License #619094
Source:
Xome
Added: Mar 17
Changed: Aug 23
Last Checked: Aug 22 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sotheby's Intl. Realty, Inc.
Investment Insights
Based on property information with market context.
The property at 124 NE 5th Ave is a free-standing commercial building located in the CBD of Delray Beach. Constructed in 2018, the Art Deco-inspired building has a total area of 6,364 square feet. The property includes 2,336 square feet of unfinished second-floor space, which offers potential for expansion or generating income. The building features a full commercial kitchen, a café/soda fountain layout, and a new commercial elevator. Situated on a 0.31-acre lot, the property provides 15 parking spaces and includes a backup generator. The location is one block from Atlantic Avenue, providing visibility and walkability. The CBD zoning allows for various commercial uses. The existing business will relocate upon the sale of the property.
Key Highlights
- Prime CBD location in Delray Beach, one block from Atlantic Avenue, offering high visibility and walkability.
- Free‑standing commercial building with CBD zoning allowing for diverse commercial uses.
- Modern construction (built in 2018) with Art Deco‑inspired design.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,586
Businesses Nearby
186k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Hotels & Casinos 23%
Shops & Services 18%
Groceries 17%
Publix
Groceries
31,996 visits/mo
0.5 miles
The Ray Hotel Delray Beach, Curio Collection by Hilton
Hotels & Casinos
23,390 visits/mo
0.3 miles
Starbucks
Dining
11,158 visits/mo
0.3 miles
Anthony's Coal Fired Pizza
Dining
9,998 visits/mo
0.0 miles
BankUnited
Shops & Services
9,864 visits/mo
0.2 miles
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- From Roehm With Love — 257 NE 2nd Ave, Delray Beach, FL 33444
Frequently Asked Questions
What type of property is this?
Storefront property - Free-standing commercial property in Delray Beach's CBD, built in 2018.
Where is this storefront property located?
The property is located at 124 NE 5th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Prime CBD location in Delray Beach, one block from Atlantic Avenue, offering high visibility and walkability.; Free‑standing commercial building with CBD zoning allowing for diverse commercial uses.; Modern construction (built in 2018) with Art Deco‑inspired design.
