4561 Atlantic Ave Delray Beach, FL 33445-3834
- Grocery and convenience stores
- 2,400 SF
- 0.45 lot acres
Current Use by Public Records
- Jeff Albert Roofing, Inc / Roofing Contractor
- Check Cashing & More / Check Cashing Service / Money Order Service
Property Details for 4561 Atlantic Ave
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 0.45 lot acres
- Property size
- 2,400 SF
- Zone code
- GC
- Property type
- Grocery and convenience stores
- APN
- 12-42-46-13-04-000-0051
- APU
- 12424613040000051
Description
This exceptional 2,400 square foot retail property, located at 4561 W Atlantic Avenue in Delray Beach, Florida, presents a compelling investment opportunity. Built in 1973, this single-unit building sits on a lot with no specified square footage. The asking price is $2,350,000. The property boasts an enviable location on Atlantic Avenue, a high-traffic area, as evidenced by a readily available traffic study. This presents a significant advantage for any business seeking high visibility and customer reach. A key feature of this property is its significant development potential. According to the current owner, the existing structure allows for the addition of two more stories, opening up exciting possibilities for mixed-use development, combining commercial space with residential units. This expansion would significantly increase the property's value and rental income potential. The property's location in Palm Beach County, Florida, zip code 33445, offers easy access to major transportation routes and a thriving local economy. This is a rare chance to acquire a well-situated retail property with substantial upside potential in a desirable location. The property is zoned for commercial use and offers a unique opportunity for both immediate income generation and future expansion. Detailed information regarding the traffic study and development plans is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $485,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $435,000
- Mixed-Use
- $425,000
- Hospitality
- $540,000
- Educational
- $465,000
- Residential Income
- $490,000
- Energy
- $560,000
- Income-Based Land
- $500,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1151
- Latitude
- 26.4582
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
