4Th Ave Delray Beach, FL 33483
- Retail properties
- 705 SF
Current Use by Public Records
- Retail properties
Property Details for 0 4Th Ave
- Year built
- 1950
- Property size
- 705 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This 705-square-foot storefront, situated on a 2,648-square-foot lot in Delray Beach, Florida's vibrant CBD, presents a compelling investment opportunity. The single-story, Class B building, constructed in 1950 and extensively renovated in 2022, boasts 680 square feet of net rentable space. Features include impact windows, a new HVAC system, a Rheem electric water heater, and a handicap-accessible restroom. The asking price is $1,799,999 ($2,553.19 per square foot). Its location, just 500 feet south of Atlantic Avenue and near the IPIC Theater, ensures high visibility and foot traffic. The property's permitted CBD zoning allows for diverse business ventures, and its proximity to new residential developments makes it an ideal candidate for redevelopment. This freestanding building offers a unique chance to establish a thriving retail presence in a bustling, high-demand area. The property is zoned for commercial use and offers significant potential for future growth and return on investment. The building's recent renovation ensures immediate occupancy and operational readiness.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0689
- Latitude
- 26.4543
