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524 W Atlantic Avenue, Delray Beach, FL 33444

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Listing Type
commercial/industrial
Listing Status
pending
Explore Delray Beach, FL
11
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
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$1,100,000

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Home Details for 524 W Atlantic Avenue

Price
$1,100,000
Type
commercial/industrial
Year Build
1956
Sq. Ft.
1280
County
Palm Beach
Tax
$4,105.57
MLS Listing#
RX-10338648
On exitrealty.com
1896 days

Property Description

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.

Property Features

EXIT REALTY PARTNERS
639 East Ocean Avenue. Suite 109, Boynton Beach, FL 33435
$1,100,000

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EXIT REALTY PARTNERS
639 East Ocean Avenue. Suite 109, Boynton Beach, FL 33435