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117 NE 5th Ave

6,234 SF 54% Leased Retail Building Delray Beach, FL 33483 $5,750,000 ($922/SF)

Investment Highlights

  • Corner Lot
  • Ample Parking

Executive Summary

Highly visible building just one block north of Atlantic Avenue on NE 5th Avenue (federal highway)
corner property on double lot with 17 parking spaces (includes one handicap)
2-Retail spaces, 1 is tenant occupied with long standing tenant the other is vacant & ready to occupy.
Booming downtown Delray Beach this building is within walking distance to restaurants, pineapple grove , Atlantic Avenue & one block from the intracoastal.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,234 SF
Building Class
C
Year Built
1964
Price
$5,750,000
Price Per SF
$922
Percent Leased
54%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.32 AC
Zoning
CBD, Delray Beach - CBD - Central Business District
Parking
8 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
112 FT on NE 5th Ave

Amenities

  • Bus Line
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Storage Space
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Suite B
  • 2,868 SF
  • Office/Retail
  • -
  • Now

THIS MULTI USE COMMERCIAL PROPERTY IS A FREE STANDING CORNER BLDG WITH GREAT CAR AND FOOT TRAFFIC AT THE INTERSECTION OF NE 5TH AVE & NE 1ST ST IN DOWNTOWN DELRAY BEACH. THERE ARE LARGE GLASS CORNER STOREFRONT WINDOWS FOR EXCELLENT STREET EXPOSURE AND DISPLAY. IT HAS 2868 SQ FT OF AVAILABLE FLOOR SPACE FOR LEASE. TRIPLE NET LEASE AT $33.00/ SQ FT + PLUS CAM. BUILDING HAS 16+1 HANDICAPPED OFF STREET PARKING SPACES AND THIS UNIT HAS USE OF 8. THIS IS A LARGE, MOSTLY OPEN, SPACE WITH AN OFFICE/WORK ROOM AND AN INVENTORY/STOCK ROOM IN BACK AREA WITH OVERHEAD GARAGE DOOR ACCESS. MANY USES FOR THIS STRATEGICALLY PLACED PROPERTY. INFORMATION CONTAINED HEREIN IS DEEMED RELIABLE BUT NOT GUARANTEED. POTENTIAL TENANT(S) TO VERIFY ALL INFORMATION AND MEASUREMENTS TO THEIR SATISFACTION PRIOR TO LEASE EXECUTION. LISTING SUBJECT TO ERRORS, OMISSIONS AND CHANGE WITHOUT NOTICE.

Space Size Space Use Position Available
Suite B 2,868 SF Office/Retail - Now

Suite B

Size
2,868 SF
Space Use
Office/Retail
Position
-
Available
Now

Suite B

Size 2,868 SF
Space Use Office/Retail
Position -
Available Now

THIS MULTI USE COMMERCIAL PROPERTY IS A FREE STANDING CORNER BLDG WITH GREAT CAR AND FOOT TRAFFIC AT THE INTERSECTION OF NE 5TH AVE & NE 1ST ST IN DOWNTOWN DELRAY BEACH. THERE ARE LARGE GLASS CORNER STOREFRONT WINDOWS FOR EXCELLENT STREET EXPOSURE AND DISPLAY. IT HAS 2868 SQ FT OF AVAILABLE FLOOR SPACE FOR LEASE. TRIPLE NET LEASE AT $33.00/ SQ FT + PLUS CAM. BUILDING HAS 16+1 HANDICAPPED OFF STREET PARKING SPACES AND THIS UNIT HAS USE OF 8. THIS IS A LARGE, MOSTLY OPEN, SPACE WITH AN OFFICE/WORK ROOM AND AN INVENTORY/STOCK ROOM IN BACK AREA WITH OVERHEAD GARAGE DOOR ACCESS. MANY USES FOR THIS STRATEGICALLY PLACED PROPERTY. INFORMATION CONTAINED HEREIN IS DEEMED RELIABLE BUT NOT GUARANTEED. POTENTIAL TENANT(S) TO VERIFY ALL INFORMATION AND MEASUREMENTS TO THEIR SATISFACTION PRIOR TO LEASE EXECUTION. LISTING SUBJECT TO ERRORS, OMISSIONS AND CHANGE WITHOUT NOTICE.

Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Yolk
Anthony's Coal Fired Pizza
Seacoast Bank
Publix
Chase Bank
The Northern Trust Company
Burgerim
Starbucks
BankUnited
Barcelona Wine Bar

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-43-46-16-01-107-0091
Land Assessment
$1,593,383
Improvements Assessment
$897,831
Total Assessment
$2,110,538
  • Listing ID: 33479479

  • Date on Market: 10/10/2024

  • Last Updated:

  • Address: 117 NE 5th Ave, Delray Beach, FL 33483

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