909 17Th Ave Delray Beach, FL 33444
- Retail properties
- 3,680 SF
Current Use by Public Records
- Florida Breaker & LED / Electrical Supply Store / Lighting Store
Property Details for 909 17Th Ave
- Year built
- 1972
- Property size
- 3,680 SF
- Property type
- Retail properties
Description
This exceptional opportunity presents the acquisition of a well-established electrical and lighting supply retail business in Delray Beach, Florida. Operating successfully for over 25 years, this business boasts a strong reputation and consistent profitability, generating a net operating income (NOI) of $214,273 annually, resulting in a compelling 23.83% capitalization rate. Located at 909 SW 17th Ave, Delray Beach, FL 33444, the property encompasses 3,680 square feet across two stories in a building constructed in 1972. The business occupies the space under a gross lease agreement expiring May 31, 2028, leaving a remaining lease term of approximately 3.5 years. The business specializes in supplying replacement parts for obsolete electrical distribution systems for residential, commercial, and industrial clients, and has expanded into the thriving LED lighting market, representing major manufacturers. The sale includes all existing inventory, equipment, and staff, providing a turnkey operation for the new owner. The asking price is $899,000, translating to a price per square foot of $244.29. This presents a rare chance to acquire a profitable, established business with significant growth potential in a desirable Florida location. The business is fully operational and ready for immediate ownership transition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0892
- Latitude
- 26.4482
