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401 W Atlantic Ave - Atlantic Grove Condominium

3,522 SF Retail Condo Unit Offered at $3,500,000 in Delray Beach, FL 33444

Investment Highlights

  • Interior photos coming soon
  • Complete infrastructure in place
  • Fully built out kitchen and full bar

Executive Summary

Introducing a remarkable opportunity to own a captivating culinary destination in the heart of the city. This exquisite property presents a fully built-out restaurant and an inviting lounge complete with a full bar, offering a seamless blend of delectable dining and vibrant entertainment. Key Features: 1. Culinary Excellence: Step into a world of gastronomic delight as you enter the beautifully designed restaurant space. With a meticulously crafted interior, the restaurant provides an ideal canvas for a variety of culinary concepts. The well-equipped kitchen is ready to bring your culinary creations to life, catering to the demands of even the most discerning palates. 2. Lounge Ambiance: Adjacent to the restaurant, the lounge area sets the stage for a lively social experience. The lounge boasts an enchanting atmosphere that beckons guests to unwind and savor the moment. The well-appointed full bar is a centerpiece of the lounge, showcasing an impressive selection of spirits and mixology options, making it a destination for both connoisseurs and those seeking a relaxed evening. 3. Turnkey Experience: This property offers a seamless transition for ambitious restaurateurs and entrepreneurs. With a complete infrastructure in place, from kitchen appliances to seating arrangements, you can focus on refining your culinary offerings and creating a memorable dining experience from day one. 4. Prime Location: Nestled in a bustling urban locale, the property enjoys high foot traffic and is easily accessible, making it a prime destination for both locals and visitors alike. Its strategic location ensures a steady stream of patrons seeking exceptional dining and entertainment options. 5. Flexibility and Potential: The restaurant and lounge space is versatile and adaptable, allowing you to explore a wide range of concepts, from fine dining to casual elegance. The lounge can serve as a pre-dining gathering spot, an after-work social hub, or a venue for hosting special events and private celebrations. 6. Impeccable Aesthetics: The interior design blends modern aesthetics with timeless charm, creating an ambiance that is both inviting and visually stunning. Elegant decor, thoughtfully curated lighting, and comfortable seating arrangements all contribute to an unforgettable sensory experience. 7. Growth Prospects: Capitalize on the region's growing culinary scene and capitalize on the potential for expansion and brand development. With a solid foundation in place, you can focus on cultivating a loyal clientele and positioning the property as a culinary destination of choice. This remarkable restaurant and lounge space presents a unique opportunity to step into a thriving culinary landscape. Whether you are a seasoned restaurateur looking to expand your portfolio or an aspiring chef with a vision, this turnkey establishment offers the perfect setting to bring your culinary dreams to life. Seize the chance to own a space where exceptional dining and unforgettable experiences converge. Inquire today to embark on your journey into the world of culinary excellence and hospitality.

Property Facts

Price $3,500,000
Unit Size 3,522 SF
No. Units 1
Total Building Size 45,000 SF
Property Type Retail (Condo)
Property Subtype
Restaurant
  • General Retail Bar
Sale Type Owner User
Building Class C
Floors 3
Typical Floor Size 10,000 SF
Year Built 2004
Lot Size 1.00 AC
Parking Ratio 10/1,000 SF
Opportunity Zone Yes

1 Unit Available

Unit R8 & R9

Unit Size 3,522 SF
Price $3,500,000
Price Per SF $993.75
Condo Use Retail
Sale Type Owner User
APN/Parcel ID 12-43-46-17-61-018-0080
Description

Atlantic Grove Condominium is a mixed use three story building located on Atlantic Ave in Downtown Delray Beach. The first floor consists of retail, the second floor is office space and the third floor is residential lofts. The condo association consists of two sister buildings, 301 and 401 and located right next to the well renown Delray Beach Tennis Center.

Sale Notes

Formally space was Breathe Restaurant and Lounge

Walk Score ®
Very Walkable (87)
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.®

Amenities

  • 24 Hour Access
  • Restaurant
  • Security System
  • Signage

Nearby Major Retailers

Checkers
Peet's Coffee
Truist
Burgerim
Starbucks
BankUnited
Barcelona Wine Bar
Seacoast Bank
The Northern Trust Company
Anthony's Coal Fired Pizza

zoning

Zoning Code Mixed Use (Retail / Restaurant and Lounge)
Mixed Use (Retail / Restaurant and Lounge)
  • Listing ID: 29208100

  • Date on Market: 8/7/2023

  • Last Updated:

  • Address: 401 W Atlantic Ave, Delray Beach, FL 33444

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