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Delray Beach Restaurant Opportunity
For Sale
$2,400,000

319 NE 3rd Avenue, Delray Beach, FL 33444

Site plan approved for restaurant use in vibrant Delray Beach.

Property Size1,832 SF
Price / SF$1,310
Days on Market122

Property Features for 319 NE 3rd Avenue

General Information

Standard status Active
Size 1,832 SF
Zoning CBD

Taxes and HOA fees

Annual Taxes $13,341

Building Details

Building Size 1,832 SF
Year Built 1950
Stories 1
Listing Agency: Newmark Commercial Real Estate
Listed By: Jacqueline Tavares · License #689745
Source: Laerrealty
Added: Apr 24 Changed: Aug 23 Last Checked: Aug 23 at 7:36AM

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 Newmark Commercial Real Estate

Investment Insights

Based on property information with market context.

This property, located in Delray Beach's Pineapple Grove and NE 3rd Ave Arts District, offers a ground floor space of 1,832 square feet. Architectural plans are available upon request, and the site plan is approved for restaurant use. There is potential for a rooftop bar and seating area of 850 square feet, which can be covered. The property is in shell condition. Situated within walking distance of the Atlantic Avenue dining corridor, the location benefits from strong foot traffic in the affluent Delray Beach market. The property is located blocks from Atlantic Avenue, Pineapple Grove, and within the NE 3rd Ave Arts District, specifically between Segrato Italian Restaurant and Glimmer Cafe, and across from a new steakhouse. The location has a walk score of 65, indicating it is somewhat walkable, and a bike score of 52, indicating it is bikeable. This property is one of South Florida's top dining and entertainment markets in Downtown Delray Beach.

Key Highlights

  • Site plan approved for restaurant use with architectural plans available
  • Prime location in Delray's Pineapple Grove and NE 3rd Ave Arts District
  • Potential for rooftop bar & seating (850 SF, can be covered)

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Butcher Veterinary Clinic Grocery & Convenience Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,945
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 39% Dining 27% Apparel 24% Hotels & Casinos 10%
Sunoco Shops & Services
9,718 visits/mo 0.3 miles
Capital One Café Dining
8,700 visits/mo 0.5 miles
Brandy Melville Apparel
7,102 visits/mo 0.5 miles
Urban Outfitters Apparel
6,894 visits/mo 0.5 miles
Courtyard by Marriott Delray Beach Hotels & Casinos
6,034 visits/mo 0.4 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Sammisss 1035 S Federal Hwy, Delray Beach, FL 33483
  • S.N.A.K.M.s. Caterin 1101 SW 8th St, Delray Beach, FL 33444

Frequently Asked Questions

What type of property is this?
Restaurant - Site plan approved for restaurant use in vibrant Delray Beach.
Where is this restaurant located?
The property is located at 319 NE 3rd Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Site plan approved for restaurant use with architectural plans available; Prime location in Delray's Pineapple Grove and NE 3rd Ave Arts District; Potential for rooftop bar & seating (850 SF, can be covered)
More about this property
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