Prime Corner Location in Delray Beach – Restaurant & Bar Opportunity
Asking Price: | $725,000 |
Established Year: | 2023 |
Downtown Delray Beach Best Hard Corner Location - For Sale
Prime Corner Restaurant & Bar Opportunity
This is a rare opportunity to acquire a beautifully built-out restaurant and bar located at a prime corner on Atlantic Avenue. The business is being offered confidentially, and interested parties must sign a Non-Disclosure Agreement (NDA) to receive full details.
Property Highlights:
Size: Approximately 2,263 square feet under air with an additional 275 square feet of patio seating area.
Lease: 9 years remaining on the initial term, expiring in 2033, with an option to extend for an additional 10 years until 2043. The lease includes a rolling one-year personal guarantee.
Rent: $12,000 per month, equating to $57 per square foot gross. This lease is considered highly undervalued for its location, making it one of the best leases possible for downtown Delray Beach.
Build-Out: The space features a newly installed restaurant hood system, walk-in refrigeration, brand new HVAC system, and ADA-compliant entrance and restrooms.
Parking: Ample parking is available at the rear of the building.
Location: Situated in the heart of East Delray Beach, the restaurant benefits from high foot and vehicle traffic, making it one of the best locations on Atlantic Avenue.
Offering Details:
Asking Price: $725,000
Sale Type: Asset sale. No sales figures are provided for this location.
Additional Information:
A full equipment list will be provided upon signing the NDA.
This offering is for the business assets only, including the right to the existing lease.
Contact:
For more information and to sign an NDA, please contact Prakas & Co.
This listing represents a unique chance to own and operate a restaurant in one of the most vibrant and sought-after areas of Delray Beach. The combination of a prime location, fully equipped build-out, and favorable lease terms make this an attractive opportunity for seasoned restaurateurs and investors alike.
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