6 Locations

Positioned at the epicenter of Delray Beach's high-energy Central Business District, Plaza 500 represents a rare acquisition opportunity within one of South Florida's most coveted commercial corridors. This versatile mixed-use portfolio, spanning nearly three-quarters of an acre at 466–506 NE 5th Avenue, offers a sophisticated blend of immediate cash flow and significant long-term redevelopment upside.

The property consists of six meticulously maintained buildings, five of which feature brand-new roofs, reflecting recent capital improvements that ensure a turn-key experience for the next owner. Currently 100% occupied by 12 established tenants, the asset provides a stabilized income stream supported by a diverse mix of professional services and retail users.

Location is the defining feature of Plaza 500. Situated just moments from the iconic Atlantic Avenue, the property benefits from incredible visibility and high-density consumer traffic. It is surrounded by a lineup of powerhouse national brands including Publix, AT&T, Jersey Mike's, The UPS Store, and so much more — placing it in the direct path of Delray's affluent demographic and year-round visitor surge.

With land-use designations that support a wide array of commercial activities, the site is perfectly positioned for its current use or a future high-profile redevelopment project. The proximity to regional transit hubs and Interstate 95, coupled with being less than 30 minutes from Palm Beach International Airport, ensures seamless connectivity for clients and staff alike.

Plaza 500 is more than just a real estate holding — it is a strategic footprint in a world-class destination known for steady growth and vibrant urban charm. The Portfolio totals 9,637 square feet of building area across four tax parcels on a combined ±0.68 acres of CBD-zoned land. The properties generate projected gross income of $428,228 and projected net ordinary income of $331,914 over the trailing/projected 12-month period.