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Downtown Delray New Construction Restaurant 50 SE 4th Ave
3,655 SF of Retail Space Available in Delray Beach, FL 33483
Highlights
- Free standing
- 19 foot ceilings
- An excellent opportunity for a new restaurant to establish itself in a sought-after market, with an estimated delivery to the tenant in May 2024.
- Prime location in the bustling heart of Downtown Delray Beach, offering modern elegance and charm for a luxury dining experience.
- 300 feet to Atlantic Ave
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 3,655 SF | 15’ - 19’ | 10-25 Years | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
We’re thrilled to unveil a unique opportunity for restaurateurs to anchor their businesses in the heart of Delray Beach’s bustling downtown! This brand-new, approximately 3,655-square-foot restaurant space is poised to become a culinary destination, blending modern elegance with the vibrant spirit of Delray Beach. Nestled between the iPic theater and the largest food hall in Florida, Delray Beach Market. Just a half-block from the lively Atlantic Avenue. Surrounded by high-rise parking garages, with 35 dedicated parking spaces and valet service capabilities, ensuring easy access for your guests. About the Property: A new construction shell is ready for your unique vision. Situated in a high-foot-traffic area, it is perfect for a restaurant looking to thrive in Delray Beach’s dynamic market. Discover Delray Beach: A city that’s thrice been awarded the “All-American City Award" is known for its pedestrian-friendly downtown, diverse culinary scene, and vibrant nightlife along Atlantic Avenue. Don’t miss this unparalleled opportunity to make your mark in one of Florida’s most sought-after dining scenes. Ideal for visionary restaurateurs aiming to captivate locals and visitors alike with a fresh and innovative dining experience. Interested? Let’s talk about how you can bring your restaurant concept to life in this exceptional space. Contact us for more details and to schedule a viewing.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Space is in Excellent Condition
- Private Restrooms
- Plug & Play
- Finished Ceilings: 15’ - 19’
- Free Standing
- High Demand Area off Atlantic Ave
- Tons of Natural Light
- High Ceilings
- Ample Parking options
- Ready to be built
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 50 SE 4th Ave , Delray Beach, FL 33483
| Property Type | Retail | Gross Leasable Area | 7,417 SF |
| Property Subtype | Restaurant | Year Built | 2024 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,417 SF |
| Year Built | 2024 |
About the Property
Space & Design: Offering approximately 3,655 square feet of customizable shell space with a ceiling height of 19 feet, this venue is designed to be transformed by a visionary restaurateur into a premier culinary destination. Prime Location: Situated strategically between the new iPic theater and the Delray Beach Market, the property benefits from the synergy of nearby entertainment and dining establishments. The location is further enhanced by a 326-space parking garage adjacent to iPic and a 220-space garage near the Delray Beach Market, facilitating easy access for diners. Market Presence: Delray Beach, a thrice-recipient of the “All American City Award,” attracts over 600,000 visitors specifically to its downtown area annually. The locale is bustling with ongoing developments, including new hotels, residential spaces, and retail outlets, contributing to a vibrant community atmosphere. Community and Economic Highlights: With a dynamic population of over 75,855 within a 3-mile radius and a robust restaurant industry generating $51 million in sales, the economic environment is ripe for a high-end dining establishment. The area boasts an average household income of $106,336 and is supported by a workforce of 44,851, making it an ideal market for a new or expanding restaurant venture.
Nearby Major Retailers
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Tom Prakas -
Charles Prakas -
Prakas & Company
Presented by
Downtown Delray New Construction Restaurant | 50 SE 4th Ave
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