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354 NE 1St Ave Delray Beach, FL 33444

Commercial real estate Google Maps
1,928 SF 0.31 ac lot Built 1929
Entity Owned ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US18-1173449

Property summary

AI-generated overview

This stunning 1,928 square foot office building, located at 354 NE 1st Avenue in Delray Beach, Florida, presents a rare opportunity to own a piece of history. Originally built in 1929, this former residence has been thoughtfully converted into a versatile and functional office space. The property boasts eight private offices, several of which offer ample room for multiple desks, plus a large open workspace ideal for collaborative projects. A convenient kitchenette and two bathrooms add to the functionality. The building's character is enhanced by large, arched windows that flood the interior with natural light, complementing the beautifully finished wainscoting. Beyond the interior, the property offers a significant advantage: ample parking, a rare find in this desirable downtown location. The lush landscaping provides a tranquil and inviting atmosphere, a welcome contrast to the bustling city center. The asking price for this unique property is $2,590,000. Situated in Palm Beach County, Florida, with a zip code of 33444, this property offers a blend of historic charm and modern functionality, making it an exceptional investment opportunity. The lot size is not specified. This single-unit building presents a unique opportunity to acquire a well-maintained and attractive office space in a prime Delray Beach location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1929
Construction WOOD
Total area 1,928 SF
Lot 0.31 ac (13,578 SF)
Zoning code OSSHAD
APN 12-43-46-16-01-065-0150
UPID US18-1173449

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
  • Resort
  • Home Health Care Service
  • Home Health Care Service

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$1.7M
6 recorded transactions
2025
$1.7M
2018
Price N/A
2010
$311,188
2010
$370,000
2000
$375,000
1969
Price N/A

Zoning & alternative use

OSSHAD · Delray Beach, FL
Zoning description

The Old School Square Historic Arts District, OSSHAD is a mixed use district which is intended to provide for mixed uses of residential, office, and commercial activities, with an emphasis on the arts, that will encourag…

General category MIXED_USE

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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