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Property profile

352 NE 3Rd Ave Delray Beach, FL 33444

FOR SALE
Office buildings
Property ID
US18-4036832
999 SF 0.23 ac lot Built 1923
Individually Owned 3-yr Hold Free & Clear
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For Sale
Contact for pricing 999 SF
352 NE 3Rd Ave, Delray Beach, FL 33444
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Property summary

AI-generated overview

This exceptional 5,453-square-foot creative office space is located at 352 NE 3rd Avenue in Delray Beach, Florida, 33444. Situated in the vibrant Pineapple Grove area, this single-tenant property offers a unique opportunity. The building, classified as Class B, sits on a 0.233-acre lot and features two overhead doors. Its Central Business District (CBD) zoning allows for diverse uses, including office, retail, restaurant, and mixed-use developments up to 48 feet in height. The property boasts convenient access to two city parking lots, prominent frontage on NE 3rd Avenue, and alley access. This rare Artist Alley location presents a compelling investment or lease opportunity in a thriving urban setting. The property's address is 352 NE 3rd Ave, at the intersection of NE 3rd Ave & Lake Ida Road. The APN is 12434616010810212. All information is believed to be accurate but is not warranted. The property is subject to errors, omissions, changes, and withdrawal without notice.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1923
Construction WOOD
Total area 999 SF
Lot 0.23 ac (10,167 SF)
Zoning code CBD
APN 12-43-46-16-01-081-0212
UPID US18-4036832

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Travel Agency
  • Car Wash
  • Association / Organization
  • Association Or Organization
  • Association Or Organization

Location

352 NE 3Rd Ave Delray Beach, FL 33444
Delray Beach metro Census 6502 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

CBD · Delray Beach, FL
Zoning description

The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and eco…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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