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524 W Atlantic Av, Delray Beach, FL – $1,100,000

  • $1.1M Price
  • 1,280 Sqft
  • .1 Acres
  • $1.1M Price
  • 1,280 Sqft
  • .1 Acres

524 W Atlantic Av

This property is being sold vacant and the rents illustrated are conservative net leased rents of $55 per square foot triple net. The rents are only being calculated on the under air space, but the property does offer a fenced in backyard as well. The current use of a free-standing bar is very coveted in Delray Beach as it provides a 750 foot radius restriction from another bar entering the market. Bars get some of the highest rents in the market based on the high margins on alcohol and the ability to operate on a lower overhead with reduced costs on overhead and costs associated with food. This asset is located on Atlantic Avenue East of I-95 and just west of Swinton Avenue.This corridor will be seeing a lot of big investment and transformation in the next few years with a new grocery store going in on the next block west of this property and much more new development planned for this specific corridor called The Set. Features include: Stand Alone Bar Zoning- 750 foot radius use restriction, Frontage on Atlantic Avenue, Adjacent to City Ampitheatre, High Barrier to Entry Use in this Market, New Grocery Store Being Developed Directly to the West and Bite-size Commercial Deal in a Hot Area.

Essential Information

  • MLS® #RX-10338648
  • StatusPending
  • Price$1,100,000
  • A/C Square Footage1,280
  • Acres0.10
  • Year Built1956
  • Sub-TypeRetail
  • StyleFree Standing

Community Information

  • Address524 W Atlantic Av
  • SubdivisionDELRAY TOWN OF
  • CityDelray Beach
  • CountyPalm Beach
  • Zip Code33444

Amenities

Utilities

3-Phase Electric, Public Sewer, Public Water

Interior

  • AppliancesBuilding and Land
  • HeatingCentral
  • CoolingCentral
  • # of Stories1

Exterior

  • Lot DescriptionRetail
  • RoofOther
  • ConstructionCBS

Additional Information

  • Date ListedMay 31st, 2017

Listing Details

  • OfficeAtlantic One Realty Group LLC
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Price Change History for 524 W Atlantic Av, Delray Beach, FL (MLS® #RX-10338648)

Date Details Change
Status Changed from Active to Pending
Status Changed from New to Active

Atlantic One Realty Group LLC.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2020 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 7th, 2020 at 1:00pm EDT.