Mixed-Use Property with
New
For Sale
$3,500,000
504 E Atlantic Ave, Delray Beach, FL 33483
Freestanding building with a ground-floor restaurant and two second-floor office suites in Downtown Delray Beach.
Property Size2,902 SF
Price / SF$1,206
Days on Market2
Property Features for 504 E Atlantic Ave
General Information
Standard status
Active
Size
2,902 SF
Property subtype
Mixed-Use
Additional Details
Cap Rate
4.9%
Office Units
2
Amenities
Strong location at the intersection of Atlantic Avenue and Federal Highway with great frontage
Anchored by a Highly Coveted Restaurant Use at Below-Market Rents, Providing Upside.
Two Office Spaces on the Second Floor are Leased at $3,000 per Month on Gross Leases. The Ability to Push Rents Up in the Near Future and Move to a Net-Lease Structure, Provides Additional Upside.
Surrounded by Lots of Parking, Including the IPIC Garage and Public Parking Lot.
Sale Includes a 4COP Liquor License with a Value of $240,000 +/-
Building Details
Building Size
2,902 SF
Year Built
1935
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Fort Lauderdale
(954) 245-3513
Listed By:
Brian Rosen · License #License(s): FL: SL 3189020
(954) 245-3513
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 5:55AM
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 Marcus & Millichap | Fort Lauderdale
Investment Insights
Based on property information with market context.
This freestanding mixed-use building contains three units across 2,902 square feet. The ground floor is configured for restaurant use, while the second floor provides two office spaces. Built in 1935, the property combines restaurant and office functionality within a single commercial asset.
Located at 504 E Atlantic Ave in Delray Beach, the property is positioned at the intersection of Federal Highway and Atlantic Avenue in Downtown Delray Beach. The existing configuration offers an established layout for multiple commercial uses, with restaurant space below and office accommodations above. The property is being offered with the current three-unit arrangement in place.
Located at 504 E Atlantic Ave in Delray Beach, the property is positioned at the intersection of Federal Highway and Atlantic Avenue in Downtown Delray Beach. The existing configuration offers an established layout for multiple commercial uses, with restaurant space below and office accommodations above. The property is being offered with the current three-unit arrangement in place.
Key Highlights
- 2,902‑square‑foot freestanding mixed‑use building
- Three‑unit configuration with restaurant and office components
- Ground‑floor restaurant space
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,603
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Delray Beach
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding building with a ground-floor restaurant and two second-floor office suites in Downtown Delray Beach.
Where is this mixed-use property located?
The property is located at 504 E Atlantic Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 2,902‑square‑foot freestanding mixed‑use building; Three‑unit configuration with restaurant and office components; Ground‑floor restaurant space
