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… Read More 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. Read Less
Courtesy of Atlantic One Realty Group LLC 561-203-5170
Listing Snapshot
Days Online
3257
Last Updated
Property Type
Industrial
Square Ft.
1,280
Lot Size
0.1 Acres
Year Built
1956
MLS Number
R10338648
30 Days Snapshot Of 33444
$481k
+62%
(avg) sold price
13
+116%
homes sold
101
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building features: "Free Standing", Construction materials: "CBS", Toal building area: 1280, 1 total unit
Cooling
"Central Air"
Floors
"Tile"
Heating
"Central"
Lot
0.1 acres
Property
Zoning: CBD(ci
Security Features
"Smoke Detector(s)"
Sewer
"Public Sewer"
Taxes
Annual amount: $4,106
Utilities
"Three Phase"
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