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    401 Atlantic Ave Delray Beach, FL 33444

    For Sale
    $3,500,000

    Prime location, fully built-out restaurant, 3600 sq ft.

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,600 square foot restaurant space, located at 401 W Atlantic Avenue in Delray Beach, Florida, presents a unique investment opportunity. Situated within the Atlantic Grove Condominium, a three-story mixed-use building on Atlantic Avenue, this vacant property is ready for immediate occupancy. Built in 2004, the space boasts a complete restaurant build-out, including a full bar and lounge area, perfect for a seamless blend of dining and entertainment. The property is offered at $3,500,000 and features one unit in a prime Delray Beach location, zip code 33444, within Palm Beach County. The lot size is not specified. This turnkey operation is ideal for established restaurateurs or aspiring chefs seeking a vibrant and established location to launch their culinary vision. The property's location on Atlantic Avenue offers high visibility and accessibility, ensuring a strong foundation for success. This is a rare chance to acquire a fully equipped and ready-to-operate restaurant in a thriving Florida market. Don't miss this opportunity to own a piece of Delray Beach's culinary scene.

    Property Features for 401 Atlantic Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,600 SF

    Building Details

    Year Built
    2004
    Units
    1

    HighLights

    • $3,500,000 Asking Price
    • 3,600 SF Retail Restaurant Space
    • Vacant Possession
    • Located at 401 W Atlantic Avenue, Delray Beach, FL 33444
    • Built in 2004
    • Fully built‑out restaurant and lounge with full bar.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TekIntelligence Software Company Family Chiropractic Chiropractor Access Medical Health ... Health Insurance Agency Corporate Debt Expert Business To Business Service Functional Neurology Brain ... Neurologist

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0777193
    Latitude
    26.4618593

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    FAQs

    What type of property is this?
    Restaurant - Prime location, fully built-out restaurant, 3600 sq ft.
    Where is this restaurant located?
    The property is located at 401 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: $3,500,000 Asking Price; 3,600 SF Retail Restaurant Space; Vacant Possession
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Atlantic Ave Delray Beach, FL 33444
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