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1200 E Atlantic Ave 6,708 SF 69% Leased Retail Building Delray Beach, FL 33483 $11,027,768 CAD ($1,643.97 CAD/SF) 3.80% Cap Rate
INVESTMENT HIGHLIGHTS
- One Block from the ocean
- Plans available for major luxury condo development located on 12,000 sq/ft of land
- Huge upside potential
EXECUTIVE SUMMARY
Prime mixed use luxury development opportunity one block from the beach. Presently income producing, buy and hold for future appreciation or redevelop as five specialty store spaces and five spacious luxury condos. Architecture and renderings provided by Randall Stofft Architects. Lot Size approx. 90' x 110'
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,708 SF
Building Class
B
Year Built/Renovated
1951/1980
Price
$11,027,768 CAD
Price Per SF
$1,643.97 CAD
Cap Rate
3.80%
NOI
$418,776 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.26 AC
Zoning
CBD - Central Business District
Parking
10 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
90’ on E Atlantic Ave
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1204
- 450 SF
- Office/Retail
- -
- Now
- 1210A
- 550 SF
- Flex
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1204 | 450 SF | Office/Retail | - | Now |
| 1202 AB | 1,064 SF | Office | - | Now |
| 1210A | 550 SF | Flex | - | Now |
1204
| Size |
| 450 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1202 AB
| Size |
| 1,064 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1210A
| Size |
| 550 SF |
| Space Use |
| Flex |
| Position |
| - |
| Available |
| Now |
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1202 AB
| Size | 1,064 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-43-46-16-28-002-0032 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,651,558 CAD |
PROPERTY TAXES
Parcel Number
12-43-46-16-28-002-0032
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,651,558 CAD
CONTACTS
-
1200 Atlantic Project LLC Diana Edwards -
Chris
Nicotra
- 1200 Atlantic Project LLC
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1200 Atlantic Project LLC
1200 E Atlantic Ave
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