150 N Swinton Ave
Delray Beach, FL 33444
Bureau Propriété À vendre

Marcus & Millichap is pleased to present 150 North Swinton Avenue, a rare owner-user and mixed-use investment opportunity located in the heart of
Downtown Delray Beach. Situated on a quarter-acre parcel, the 5,569-square-foot property is comprised of two office suites and two residential apartments,
all currently occupied. As part of the offering, the seller will vacate the larger office suite at closing and lease back the smaller office suite for 12 months at
market rent ($45/SF NNN), providing immediate stabilized income while allowing a buyer to occupy or reposition a portion of the building. Both apartments
are on month-to-month leases, creating near-term flexibility to maintain current income, convert to annual leases, or reposition at higher market rents.
With the ability to implement a live-work-play configuration, lease up the vacant office suite at market rates, and optimize residential income, the asset
offers compelling value-add and long-term redevelopment potential in one of South Florida’s most desirable downtown cores.
Situated directly across from Old School Square, the city’s premier cultural and arts hub, the property is centrally located within walking distance of Atlantic
Avenue’s restaurants, retail, nightlife, and hospitality assets. 150 North Swinton Avenue also benefits from exceptional pedestrian traffic, strong office
fundamentals, and continued redevelopment throughout Downtown Delray Beach. Additionally, the surrounding area has experienced sustained rent
growth and increasing demand for flexible mixed-use and live-work inventory, supported by limited new supply and high barriers to entry.