504 E Atlantic Avenue Delray Beach, FL 33483
Other
MLS #: RX-11140139
Courtesy Of Atlantic One Realty Group, LLC
Property InformationDescription
Incredible restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue. The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental structure and the ability to
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 3
- Cooling System: Central Air
- Floor Covering: Other
- Floors: 2
- Heating System: Central
- Legal Description: ANTIQUE EXPERIENCE LT 2
- MLSID: RX-11140139
- Roof Type: Other
MAP & DIRECTIONS
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