Mixed use property in 1200 E Atlantic Avenue, Delray Beach, FL 33483 for sale with MLS# A12114966
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.
1200 E Atlantic Avenue, Delray Beach, FL 33483
- Price:
- $8,500,000.00
- Original List Price:
- $8,500,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,268.08
- Listing Type:
- For Sale
- Status:
- Active
- Business Type:
- Retail
- Listing Category:
- Commercial Sale
- Property Type:
- Mixed Use
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- October 29, 2026 4:00 am
- Built-Up Area:
- 6,703 Sqft
- Lot Area:
- 9,977 Sqft
- Lot Size Acres:
- 0.229
- Year Built:
- 1951
- Structure Type:
- Retail
- Tax Annual Amount:
- $107,585.00
- Tax Year:
- 2025
- Parking Total Spaces:
- 10
- Senior Community:
- No
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- OCEAN PARK DELRAY S 1/2 OF LT 3 & LTS 4 THRU 6 (LESS N 7 FT ATLANTIC AVE R/W) BLK 2
- Real Estate Folio Number (Parcel Number):
- 12434616280020032
- Zoning:
- CBD
- Active on the market since:
- October 29, 2026
- Listing Agreement executed on:
- October 29, 2026
- Listing Status Last Changed On:
- October 29, 2026 4:00 am
- Photos updated on:
- October 29, 2026 6:16 pm
- Last Modified:
- October 31, 2026 4:55 am
- Courtesy of:
- Apollo Investment & Real Estat
- Attribution:
- Not provided
- Street Name:
- Atlantic
- Street Number:
- 1200
- City:
- Delray Beach
- State:
- Florida
- Zip Code:
- 33483
- County:
- Palm Beach
- Latitude:
- N26° 27' 41.2''
- Longitude:
- W81° 56' 25.4''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- E
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 1200 E Atlantic Avenue, Delray Beach, FL 33483
