Basic Information

  • MLS # RX-10338648
  • Type Industrial
  • Status Pending
  • Subdivision/Complex Delray Town Of
  • Year Built 1956
  • Date Listed 05/31/2017
  • Days on Market 2899
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Roof Description Other
  • Style Industrial

Interior Features

  • Adjusted Sqft N/ASq.Ft
  • Cooling Description Central Air
  • Floor Description Tile
  • Heating Description Central
  • Sqft N/A Sq.Ft

Property Features

  • Address 524 W Atlantic Ave
  • City Delray Beach
  • Construction Materials Block
  • County Palm Beach
  • Furnished Info no
  • Levels One
  • Listing Terms Cash, Conventional
  • Possession Close Of Escrow
  • Postal City Delray Beach
  • Public Survey Section One
  • Roof Other
  • Sewer Description Public Sewer
  • Stories 1
  • Subdivision Complex Delray Town Of
  • Subdivision Info Delray Town Of
  • Tax Amount $4,106
  • Tax Legal desc T O W N O F D E L R A Y E50 F T O F W175 F T O F S90 F T O F N110 F T B L K21
  • Tax Year 2016
  • Terms Considered Cash, Conventional
  • Type of Property Industrial
  • Water Source Public

524 W Atlantic Ave

Delray Beach, FL 33444

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