Pending

524 W Atlantic Avenue

Delray Beach FL, 33444

$1,100,000


Pending

Commercial

Built in 1956

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.

R10338648

MLS ID

May 31, 2017

Listed

September 17, 2024

Updated

Map

524 W Atlantic Avenue
Delray Beach FL, 33444

Interior Features

Total Stories

1


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.1 Acres


Roof

Other


Sewer

Public Sewer

Other Property Details

Area Name

4470


Taxes

$4,106


Tax Frequency

Annually


Days on Market

75


Garage

No


View

No


County

Palm Beach County


Water Source

Public


Pool

No

Listed by: Atlantic One Realty Group LLC
Listing Contact: (561) 436-4467 

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Data last updated 4:15 PM UTC, 9/17/2024

 

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