4561 West Atlantic Ave Delray Beach, FL 33445
Property summary
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
VerifiedCap rate & NOI
Current use
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Roofing Company General Contractor
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Check Cashing
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GC · Delray Beach, FLThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for GC in Delray Beach, FL.
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