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- LoopNet Team
5283 Atlantic Ave
Delray Beach, FL 33484
Self Storage Development Site · Land For Sale · 2.20 AC
Investment Highlights
- Irreplaceable location with frontage along West Atlantic Avenue in Delray Beach, FL
- Traffic count on West Atlantic Avenue is over 42,000 cars per day
- Strong demographics!
- Proposed 4-story building with 135,728 GRSF on 2.2 Acres
PROPERTY FACTS
| Property Type | Land | Proposed Use | Self Storage |
| Property Subtype | Commercial | Total Lot Size | 2.20 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 2.20 AC |
Description
This site is in an irreplaceable location along West Atlantic Avenue, a major thoroughfare. The annual average daily traffic count (AADT) in front of the property is over 42,000 cars per day. The site’s unparalleled drive-by visibility will generate substantial exposure to future tenants. Current rental rates among the closest competitor is $2.50 per square foot. The subject site is part of a 4.60 acre proposed redevelopment project that will include two additional outparcels and is zoned for a number of uses including a high-end car wash, restaurant and other retail. This site is within proximity to several major grocers, dense residential housing, and retail centers. New national retailers are entering the area and will be announced soon.
PROPERTY TAXES
| Parcel Number | 00-42-46-14-00-000-5300 | Improvements Assessment | $1,435,426 |
| Land Assessment | $2,050,039 | Total Assessment | $3,209,945 |
PROPERTY TAXES
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