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23214402
23214400

75 SE 4th Ave, Delray Beach, FL 33483

BR
FL FL SL 3189020
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$1,300,000
397 days on market
Updated 30 days ago

PRICE REDUCED! DOWNTOWN DELRAY BEACH - RETAIL

Details
APN 12-43-46-16-01-101-0112
Property Type Retail
Sub Type Storefront
Square Footage 705
Net Rentable (SqFt) 705
Units 1
Tenancy Vacant
Pro-Forma Cap Rate 9.23%
Pro-Forma NOI $120,000
Price per SqFt $1,844
Class B
Year Built 1950
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.060
Zoning CBD
Investment Type Core
Ground Lease No
Ownership Fee Simple

Prime Location - Downtown Delray Beach

Marketing description

Marcus & Millichap is pleased to present the freestanding commercial property located at 75 Southeast 4th Avenue in the heart of downtown Deray Beach, Florida.

Situated with excellent visibility in one of Florida’s most desirable markets, this prime opportunity is within walking distance of Atlantic Avenue’s thriving retail, dining, and entertainment scene. In addition to its connectivity with Delray Beach’s renowned main street, the 705-square-foot building sits on a 2,648-square-foot lot in the Central Business District (CBD) zoning area, offering flexible options for retail, office, or service-based businesses.

The property is move-in ready and equipped for immediate use, complete with recently updated modern finishes, impact windows, a new HVAC system, and a Rheem electric water heater. Moreover, the inclusion of a handicap-accessible restroom ensures compliance with modern accessibility standards, making it suitable for a wide range of businesses. The surrounding area is undergoing significant residential development, driving demand for both retail and commercial services. With CBD zoning, the property offers significant growth potential, making it an attractive investment for both operational businesses and future redevelopment opportunities.

Investment highlights

• Prime Location – 500 Feet South of Atlantic Avenue in Delray Beach’s Central Business District

• Turnkey Property Updated with Impact Windows, New HVAC System & Rheem Electric Water Heater

• Modern Compliance with Handicap-Accessible Restroom & Upgraded Finishes for Immediate Usability

• Surrounded by New Residential Development, Increasing Demand for Commercial Space

• CBD Zoning is Ideal for Retail, Office, or Redevelopment with Strong Future Appreciation and Growth Potential

• The Ability to add Additional Floors for Residential or Office use Without Any Parking Implications

• Directly Adjacent to IPIC Theatre and Public Parking Garage

Listing Contacts

BR
FL FL SL 3189020
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Brian Rosen
License
FL SL 3189020
Brokerage Phone
9542453513
Title
FL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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