367 3Rd Ave Delray Beach, FL 33444
- Showrooms
- 1,600 SF
- 0.06 lot acres
Current Use by Public Records
- Salty Dog Grooming / Pet Groomer
Property Details for 367 3Rd Ave
- Year built
- 1966
- Construction
- CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 1,600 SF
- Zone code
- CBD
- Property type
- Showrooms
- APN
- 12-43-46-16-01-089-0100
- APU
- 12434616010890100
Description
This exceptional retail property, located at 367 NE 3rd Avenue in the vibrant Arts District of Delray Beach, Florida, presents a unique investment opportunity. Built in 1966, this property boasts a prime location within walking distance of numerous art galleries, boutiques, shops, and restaurants. The highly sought-after Ray Hotel is also just steps away, ensuring high foot traffic and visibility. Its strategic position near Atlantic Avenue, renowned for its bustling nightlife, diverse dining options, and extensive shopping, guarantees a constant flow of both local and tourist clientele. Delray Beach's continued growth as a desirable destination for businesses and entrepreneurs makes this an ideal investment in a rapidly expanding market. The property's location offers unparalleled access to a thriving community, attracting a diverse range of potential customers. While the lot size is not specified, the high visibility and foot traffic in this dynamic area more than compensate. Priced at $3,500,000, this property represents a significant chance to establish or expand a business in a highly desirable and lucrative location. The property's proximity to key attractions and its position within a high-growth area make it an exceptional investment prospect with significant potential for future returns. This is a rare opportunity to secure a foothold in one of South Florida's most dynamic and sought-after commercial districts.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $460,000
- 6.5%
- $425,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $454,000
Market price range: $139k - $574k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0701
- Latitude
- 26.4683
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA