1200 E Atlantic Ave, Delray Beach FL 33483 | Palm Beach County | A12114966
- $8,500,000
- $8,500,000
Description
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 appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
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This listing is courtesy of Apollo Investment & Real Estat.
Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Address
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Address: E Atlantic Ave
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City: Delray Beach
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Zip/Postal Code: 33483
Details
Updated on November 2, 2026 at 10:40 pm-
Property ID A12114966
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Price $8,500,000
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Year Built 1951
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Property Status Active, Commercial Sale
Additional details
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Tax Year 2025
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Inclusions Building & Land
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Total Stories 2
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Waterfront No
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Association No
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Private Pool No
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Annual Tax 107585
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Building Area 6703
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Lot Size (Sq Ft) 9977
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New Construction No
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