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Property profile & analytics
FOR SALE
Grocery and convenience stores

555 NE 5Th Ave Delray Beach, FL 33483

28,020 SF 2.89 ac lot Built 2001
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-5156025
Property summary
AI-generated overview

This exceptional Class A, 2,200 square foot day spa located at 555 NE 5th Ave, Delray Beach, Florida 33483, is offered for sale at $360,000. The business, Essentials Spa Massage and Facials, is a turnkey operation, complete with all inventory, tools, and comprehensive training for a seamless transition. This established spa offers a wide range of high-demand services, including rejuvenating facials, relaxing massages, and luxurious body treatments, ensuring a steady stream of clientele. The spa's tranquil atmosphere and top-notch services create a luxurious escape for clients. With 300 units and an owner/user investment type, this presents a unique opportunity for an entrepreneur to step into a profitable and established business within the thriving wellness industry. The business is ready for immediate operation and poised for continued growth, offering a high return on investment. This is an exceptional opportunity to acquire a well-established, profitable business in a prime Delray Beach location. All aspects of the business are included in the sale, making this a truly turnkey operation. The spa's existing client base and reputation for excellence provide a solid foundation for future success. This is a rare opportunity to own a thriving business in a desirable market.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2001
Construction CONCRETE
Total area 28,020 SF
Lot 2.89 ac (125,788 SF)
Zoning code CBD
APN 12-43-46-09-74-001-0010
UPID US18-5156025
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BRIAN J BURROUGH Physician
  • RICHARD MARK FOLTZ Physician
  • Presto! ATM at Publix® Atm
  • Publix Pharmacy at North Delray Commons Pharmacy
  • City National Bank - Presto ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.03M
CAP Approach CAP
$7.29M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.14M
Owner & transaction history
555 Ndc LLC · 5 yrs held
555 Ndc LLC
since 2021
Last sale
$9.4M
2 recorded transactions
2021
$9.4M
2007
$7.0M
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteri…

Zone name Central Business District
General category COMMERCIAL
Zone area 229.25 ac
Source Realmo
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