Established French Bakery
For Sale
$250,000
1445 N Congress Avenue, Delray Beach, FL
Business Opportunity, Delray Beach, FL
Property Size1,000 SF
Price / SF$250
Days on Market161
Property Features for 1445 N Congress Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PCC (city)
Parking
6
Parking features
Assigned
Lot features
Sidewalks
Directions
I-95 Atlantic Exit, take North on Congress
Subdivision
4530
Standard status
Active
APN
12434608250000020
Size
1,000 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
DELRAY PARK OF COMMERCE REPL TR K LT 2
Legal Description
DELRAY PARK OF COMMERCE REPL TR K LT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Exhaust Fan (Cooling), Electric
Water source
Public
Building Details
Year built
1995
Floors in Building
1
Flooring type
Engineered, Concrete
Building materials
CBS, Stucco
Roof type
Aluminum
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jonathan H Lickstein · License #3255202
(954) 232-5785
Added: Apr 20
Changed: Sep 27
Last Checked: Sep 27 at 2:06AM
MLS# B26018295
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established French bakery operation occupies a 1,000-square-foot commercial space and includes a complete production setup for pastry and bread preparation. Equipment includes commercial kitchen appliances, freezers, mixers, a bread oven imported from France, pastry workstations, and related pastry tools. The operation was established in 2021, with transition support available from the owner for a couple of weeks.
The property is located in Delray Beach within the PCC (city) zoning designation. The building was constructed in 1995 and features CBS and stucco construction, engineered and concrete flooring, central electric heating, central air, and an exhaust fan. Public water and public sewer serve the property, while assigned parking is provided.
The property is located in Delray Beach within the PCC (city) zoning designation. The building was constructed in 1995 and features CBS and stucco construction, engineered and concrete flooring, central electric heating, central air, and an exhaust fan. Public water and public sewer serve the property, while assigned parking is provided.
Key Highlights
- 1,000‑square‑foot commercial restaurant space
- Established French bakery operation since 2021
- Includes commercial kitchen equipment, freezers, mixers, and pastry workstations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
$385.0K
Cap Rate 7%
$275,014
$275.0K
Cap Rate 9%
$213,900
$213.9K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.6K $27.60/SF
− Vacancy
−$1.9K −$1.93/SF
EGI
$25.7K $25.67/SF
− OpEx
−$6.4K −$6.42/SF
NOI
$19.3K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,020
Cap Rate 7%
$275,014
Cap Rate 9%
$213,900
Alternative Uses
Best Use
Specialty Retail
$275.0K
$240.6K – $320.9K
NOI $19,251 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$154.2K
$135.0K – $179.9K
NOI $10,796 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$704.3K
$616.2K – $821.6K
NOI $49,298 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped operation with commercial kitchen infrastructure, specialty baking equipment, and assigned parking.
Where is this conventional restaurant located?
The property is located at 1445 N Congress Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,000‑square‑foot commercial restaurant space; Established French bakery operation since 2021; Includes commercial kitchen equipment, freezers, mixers, and pastry workstations
