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1200 E Atlantic Ave , Delray Beach, FL 33483 Photo
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1200 E Atlantic Ave , Delray Beach, FL 33483 Photo
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1200 E Atlantic Ave Delray Beach, FL 33483
$8,500,000
  • Lot Size
    0.23 acre(s)

Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appr...

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Property Summary

MLS Number: A12114966
Status: Active
Days on Market: 4
Subdivision:
County: Palm Beach
Bedrooms: 0
Total Square Feet: 0
New Constuction: No
Waterfront: No
Property Type: Commercial - Retail
Lot Size: 0.23 Acres
Stories: 2.0
Taxes: $107,585
Year Built: 1951

Property Details

Crops Included Y/N: No
Days on Site: 4
Home Warranty Y/N: No
Lease Considered Y/N: No
Lot: Central Business District, City Location
Parcel#: 12434616280020032
Property Attached Y/N: No
Property Sub-Type: Mixed Use

Courtesy of

Agency Name: Apollo Investment & Real Estat
Agent Name: Christopher Nicotra
Agency Phone: 561-716-8090

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Presented by

Agent Name: Patrick Dolan
Agent Phone: 772.834.9890
Agency Title: Illustrated Properties
Request Info

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Patrick Dolan
ipre.com
Agent Cell:
772.834.9890
Office Phone:
772.463.4663

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Estimated Payment

$ 53,180.77 Principal & Interest $41,736.18 Property Tax $8,965.42 Homeowner's Insurance $2,479.17
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