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4561 West Atlantic Ave Delray Beach, FL 33445

Grocery and convenience stores Google Maps
2,400 SF 0.45 ac lot Built 1973
Entity Owned Free & Clear
4561 West Atlantic Ave, Delray Beach, FL 33445 For Lease
Contact for pricing 6,000 SF available
4561 West Atlantic Ave, Delray Beach, FL 33445
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Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID US18-8771131

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1973
Construction WOOD
Total area 2,400 SF
Lot 0.45 ac (19,410 SF)
Zoning code GC
APN 12-42-46-13-04-000-0051
UPID US18-8771131

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
  • Roofing Company General Contractor
  • Check Cashing

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$710k
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2025
2 recorded transactions
2025
$1.6M
2010
Price N/A

Zoning & alternative use

GC · Delray Beach, FL
Zoning description

The General Commercial (GC) District provides basic regulations for small parcels which are best suited for general retail and office uses. In addition, this district has regulations in the Four Corners Overlay District…

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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