Listed by Ocean Delray Real Estate
$8,500,000
1200 E Atlantic Avenue
Details
APN 12434616280020032
Property Type Mixed Use
Sub Type 1
Square Footage 6,700
Units 6
Cap Rate 2.00%
Occupancy 100%
Class B
Year Built 1951
Year Renovated 2022
Buildings 3
Stories 2
Zoning CBD
Parking Spaces 10 spaces
Parking Per SqFt 1.49
Outstanding development opportunity one block from the Ocean.
Marketing description
Prime mixed use luxury development opportunity one block from the beach. Presently income producing, buy and hold for future appreciation or redevelop as five specialty store spaces and five spacious luxury condos. Architecture and renderings provided by Randall Stofft Architects. Lot Size approx. 90' x 110'
Investment highlights
One Block from the ocean
Huge upside potential
Plans available for major luxury condo development located on 12,000 sq/ft of land
Listing Contacts
Listed by Ocean Delray Real Estate
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