117 5 Ave Delray Bch Delray Beach, FL 33483
- Retail properties
- 7,267 SF
Current Use by Public Records
- Retail properties
Property Details for 117 5 Ave Delray Bch
- Year built
- 1964
- Property size
- 7,267 SF
- Property type
- Retail properties
Description
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.
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
- -80.0678
- Latitude
- 26.4637
