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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

117 5 Ave Delray Bch Delray Beach, FL 33483

7,267 SF Built 1964
Property ID
Property summary
AI-generated overview

This exceptional multi-use commercial property, located at 117 NE 5th Avenue in Delray Beach, Florida, presents a compelling investment opportunity. Priced at $5,750,000, this free-standing, corner building boasts 7,267 square feet across two units. Unit A, currently tenant-occupied, comprises 3,366 square feet of office space, including a 1,033 square foot loft, featuring offices, a conference room, reception area, and storage. Unit B, a vacant 2,868 square foot space, offers a large, open showroom area, an office/work room, and a rear inventory/stock room with overhead garage door access. The property includes a valuable 17-space off-street parking area. Situated at the northeast intersection of NE 5th Avenue and NE 1st Street in downtown Delray Beach, this property benefits from a CBD zoning designation. The lot size is approximately 0.3226 acres (14,052 square feet), measuring roughly 125 feet by 112.4 feet. Built in 1964, this single-story building offers significant potential for a variety of commercial uses. All information is deemed reliable but not guaranteed; buyers are advised to verify all details independently. This listing is subject to errors, omissions, and changes without notice.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1964
Total area 7,267 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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