(Plaza 500)466-506 NE 5th Ave Delray Bch 6 Properties Offered at $8,007,038 CAD in Delray Beach, FL

Plaza 500 | Prime Mixed-Use Shopping Center Opportunity in the Heart of Delray Beach (Retail/Medical/Office)
Positioned at the epicenter of Delray Beach’s high-energy Central Business District, Plaza 500 represents a rare acquisition opportunity within one of South Florida’s most coveted commercial corridors. This versatile mixed-use portfolio, spanning nearly three-quarters of an acre at 466-506 NE 5th Avenue, offers a sophisticated blend of immediate cash flow and significant long-term redevelopment upside. This property offers a rare blend of immediate versatility and long-term potential, making it an ideal acquisition for both owner-users and savvy investors. The current ownership has strategically maintained short-term leases, providing a unique window of flexibility for a buyer looking to occupy the space personally or move forward with a fresh redevelopment vision without the delay of long-term encumbrances.
While the current short-term structure favors a nimble transition, the underlying tenant demand is exceptionally strong. The existing occupants have expressed a clear desire for long-term stability, highlighting the property's consistent appeal and the ease with which a new owner could secure a steady, long-term income stream. Whether you are looking to plant roots for your own operations or capitalize on a high-demand rental market, this location delivers the strategic options necessary to execute your specific investment goals.
The property consists of six meticulously maintained buildings, five of which feature new roofs, reflecting recent capital improvements that ensure a turn-key experience for the next owner. Currently 100% occupied by 12 established tenants, the hallmark of this location is its remarkable stability; 50% of the current tenant base has called this property home for over a decade. This ten-year-plus tenure is a powerful testament to the building's desirability and the strength of the location., the asset provides a stabilized income stream supported by a diverse mix of professional services and retail users.
Location is the defining feature of Plaza 500. Situated just moments from the iconic Atlantic Avenue, the property benefits from incredible visibility and high-density consumer traffic. It is surrounded by a lineup of powerhouse national brands including Publix, AT&T, Jersey Mike’s, The UPS Store, and so much more placing it in the direct path of Delray’s affluent demographic and year-round visitor surge.
With land-use designations that support a wide array of commercial activities, the site is perfectly positioned for its current use or a future high-profile redevelopment project. The proximity to regional transit hubs and Interstate 95, coupled with being less than 30 minutes from Palm Beach International Airport, ensures seamless connectivity for clients and staff alike.
Plaza 500 is more than just a real estate holding; it is a strategic footprint in a world-class destination known for steady growth and vibrant urban charm. Secure a premier piece of the Delray Beach landscape and capitalize on the immense potential of this high-exposure CBD asset.