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524 W Atlantic Av, Delray Beach, FL


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.This corridor will be seeing a lot of big investment and transformation in the next few years with a new grocery store going in on the next block west of this property and much more new development planned for this specific corridor called The Set. Features include: Stand Alone Bar Zoning- 750 foot radius use restriction, Frontage on Atlantic Avenue, Adjacent to City Ampitheatre, High Barrier to Entry Use in this Market, New Grocery Store Being Developed Directly to the West and Bite-size Commercial Deal in a Hot Area.

    Property Summary

  • $1,100,000 Price
  • 1,280 Sqft
  • .1 Acres
  • 1102 Days on Market
  • Pending Listing Status
  • DELRAY TOWN OF Subdivision
  • RX-10338648 MLS #

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Listing History for 524 W Atlantic Av, Delray Beach, FL (MLS® #RX-10338648)

Date Details Change
Status Changed from Active to Pending
Status Changed from New to Active

Essential Information

  • MLS® # RX-10338648
  • Price $1,100,000
  • Living Square Feet 1,280
  • Acres 0.10
  • Year Built 1956
  • Type Commercial
  • Status Pending
  • Sub-Type Retail
  • Style Free Standing
  • ListingDOM 1102

Community Information

  • Area 4470
  • Subdivision DELRAY TOWN OF
  • Zoning CBD(ci

Lot Details

  • Lot Description Retail


  • Heating Central
  • Cooling Central
  • # of Stories 1
  • Flooring Tile
  • Appliances Building and Land


  • Roof Other
  • Construction CBS
  • Utilities 3-Phase Electric, Public Sewer, Public Water

Financial Information

  • Tax Amount 4106
  • Tax Year 2016
  • Listing Price PerSqFt 859

Listing Details

  • Office Atlantic One Realty Group LLC

Listing Description of 524 W Atlantic Av, Delray Beach, FL

Property Listing Summary: Located in the subdivision, 524 W Atlantic Av, Delray Beach, FL is a Commercial property for sale in Delray Beach, FL 33444, listed at $1,100,000. As of June 7, 2020 listing information about 524 W Atlantic Av, Delray Beach, FL indicates the property features 0 beds, 0 baths, and has approximately 1,280 square feet of living space, with a lot size of 0.10 acres, and was originally constructed in 1956. The current price per square foot is $859.

A comparable listing at in is priced for sale at $. Another comparable property, is for sale at $.

To schedule a private showing of MLS# RX-10338648 at 524 W Atlantic Av, Delray Beach, FL in , please contact your real estate agent at (561) 951-9301.

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