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Redevelopment Opp-Retail-Restaurant-Multi-Fam 367 NE 3rd Ave 1,600 SF Retail Building Delray Beach, FL 33444 $3,350,208 CAD ($2,093.88 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Commercial property in the Arts District of rapidly developing Downtown Delray Beach, just steps from Atlantic Avenue.
- Atlantic Avenue is in the heart of Delray Beach, known for its vibrant and thriving dining, shopping, and entertainment scene.
- This location is ideal for a mixed use property, featuring luxury residences with retail or office space below, & endless opportunity for high returns
- It's location makes it highly desirable, ensuring strong appeal to both residents and businesses, perfectly positioned to maximize returns.
- This property is an exceptional opportunity for re-development, offering endless possibilities for retail, residential, office, or multi-family use.
- A lucrative investment in one of South Florida's most vibrant markets!
EXECUTIVE SUMMARY
Prime Opportunity in Delray Beach’s Arts District! Located just steps from Atlantic Ave and minutes from the beach, this 1,600 sf freestanding building presents a rare chance for transformation. Zoned CBD-RC, the property offers flexible potential, retail, restaurant, office, or mixed-use, and plans for a second story are included in the sale, unlocking even greater upside. Situated in a vibrant neighborhood of galleries, boutiques, luxury apartments, hotels, and cultural venues, this space benefits from high foot traffic, high visibility, and creative energy. Whether you're a restaurateur, investor, or developer, you'll appreciate its central location, lot efficiency, and redevelopment potential. Opportunities in this pocket of Delray's Art District do not come around often.
Prime Arts District opportunity just steps from Atlantic Ave and minutes to the beach. Freestanding 1,600 sf building on CBD-RC zoning offering excellent redevelopment potential. Seller has plans for a second-story addition included in the sale. Ideal for retail, restaurant, office, or mixed-use concepts. High-visibility location surrounded by new development and strong foot traffic. Property is being sold AS-IS. Do not disturb occupants. Showings by appointment only, contact listing agent for access and additional documentation. Perfect for investors, developers, or end-users seeking a boutique Delray Beach footprint.
Prime Arts District opportunity just steps from Atlantic Ave and minutes to the beach. Freestanding 1,600 sf building on CBD-RC zoning offering excellent redevelopment potential. Seller has plans for a second-story addition included in the sale. Ideal for retail, restaurant, office, or mixed-use concepts. High-visibility location surrounded by new development and strong foot traffic. Property is being sold AS-IS. Do not disturb occupants. Showings by appointment only, contact listing agent for access and additional documentation. Perfect for investors, developers, or end-users seeking a boutique Delray Beach footprint.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1966
Price
$3,350,208 CAD
Price Per SF
$2,093.88 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.06 AC
Zoning
CBD-RC - Central Business District
Parking
4 Spaces (2.5 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-43-46-16-01-089-0100 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $633,352 CAD (2024) |
PROPERTY TAXES
Parcel Number
12-43-46-16-01-089-0100
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$633,352 CAD (2024)
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Redevelopment Opp-Retail-Restaurant-Multi-Fam | 367 NE 3rd Ave
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