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411 E Atlantic Ave Delray Beach, FL 33483

Commercial real estate Google Maps
15,612 SF 0.31 ac lot Built 1926
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$7.43M
Range $6.69M – $8.17M (±10%)
Property ID US18-3796213

Property summary

AI-generated overview

This exceptional 1,926 square foot commercial space, located in the vibrant heart of Delray Beach's commercial district, presents a unique opportunity for a variety of businesses. Situated on East Atlantic Avenue, the property boasts high-visibility signage opportunities, ensuring maximum brand exposure to the bustling pedestrian traffic. The inviting façade, featuring large display windows, creates an attractive storefront that draws customers in. Inside, the well-lit and spacious interior offers a versatile layout, perfect for creative merchandising and a smooth customer flow. Central air conditioning ensures a comfortable environment year-round. The property is suitable for a range of uses, including retail, restaurant, or traditional/executive office space. This multi-tenant building offers a prime location within a thriving commercial area, making it an ideal investment for businesses seeking high visibility and a strong customer base. The space's adaptability allows for customization to suit individual business needs, providing a blank canvas to bring your vision to life. This is more than just a space; it's a chance to establish your business in one of Delray Beach's most desirable commercial locations. The property is located in Palm Beach County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1926
Construction WOOD
Total area 15,612 SF
Lot 0.31 ac (13,360 SF)
Zoning code CBD
APN 12-43-46-16-01-100-0020
UPID US18-3796213

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
  • Marketing & Advertising
  • Physician
  • Cosmetic Store
  • (Bike/Boat/Book/etc) Store Photography Service
  • Clothing & Fashion Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.16M
Blend (final) Blend
$7.43M

Owner & transaction history

since 2022
Last sale
$7.8M
4 recorded transactions
2022
$7.8M
2021
$2.0M
2012
Price N/A
2010
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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