0 4Th Ave Delray Beach, FL 33483
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.