2410 N Federal Hwy Delray Beach, FL 33483
- Turn key restaurants
- 3,694 SF
- 1.61 lot acres
Current Use by Public Records
- Bees Knees Delray / Restaurant
Property Details for 2410 N Federal Hwy
- Year built
- 1970
- Construction
- WOOD
- Lot size
- 1.61 lot acres
- Property size
- 3,694 SF
- Zone code
- GC
- Property type
- Turn key restaurants
- APN
- 12-43-46-04-08-000-0090
- APU
- 12434604080000090
Description
This exceptional 8,656 sq ft restaurant property at 2410 N Federal Highway, Delray Beach, FL 33483, is available for $8,100,000. Built in 1970, the vacant single-unit property sits on a 1.61-acre lot (lot size not precisely recorded) and offers a 6.00% cap rate. Currently zoned for restaurant use, the property presents a unique opportunity for various ventures. Reimagine it as a classic eatery, repurpose it for retail, or capitalize on its prime location and zoning to develop 18 luxury townhomes, as currently envisioned. The property boasts exceptional visibility and accessibility, situated on Federal Highway with prominent frontage on Old Dixie Highway, just 2 miles north of Atlantic Avenue. The NNN lease type and vacant occupancy provide flexibility for the new owner. This is a rare chance to acquire a significant property in a thriving Delray Beach location. The property's size and location make it an ideal investment for those seeking high-return potential and redevelopment opportunities. The existing structure offers a solid foundation for immediate use or a complete transformation. Don't miss this chance to own a piece of Delray Beach's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,250,000
- 6.5%
- $5,120,000
- 7%
- $4,780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,150,000
- Geo Method
- $4,355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,995,000
- Retail
- $3,990,000
- Mixed-Use
- $4,700,000
- Hospitality
- $4,175,000
- Educational
- $4,270,000
- Residential Income
- $4,460,000
- Energy
- $4,590,000
- Income-Based Land
- $4,815,000
- Food Service
- $4,520,000
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0652
- Latitude
- 26.488
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
