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555 NE 5Th Ave Delray Beach, FL 33483

Grocery and convenience stores Google Maps
28,020 SF 2.89 ac lot Built 2001
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$11.14M
Range $10.02M – $12.25M (±10%)
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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Atm
  • Pharmacy
  • 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

since 2021
Last sale
$9.4M
2 recorded transactions
2021
$9.4M
2007
$7.0M

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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