Home » Delray Beach » 524 W Atlantic Avenue, Delray Beach, FL 33444 | R10338648/RX-10338648

Industrial For Sale 524 W Atlantic Avenue, Delray Beach, FL 33444

$1,100,000

Property Highlights

Listing ID R10338648/RX-10338648 Status of this Listing: Pending (An offer has been accepted) For Sale Property Type Commercial Sale Industrial Year Built 1956 Time of this property on Rebonus 2748 Day(s)

524 W Atlantic Avenue, Delray Beach, FL 33444

Property Description: This property is being sold vacant and the rents illustrated are conservative net leased rents of $55 per square foot triple net. The rents are only being calculated on the under air space, but the property does offer a fenced in backyard as well. The current use of a free-standing bar is very coveted in Delray Beach as it provides a 750 foot radius restriction from another bar entering the market. Bars get some of the highest rents in the market based on the high margins on alcohol and the ability to operate on a lower overhead with reduced costs on overhead and costs associated with food. This asset is located on Atlantic Avenue East of I-95 and just west of Swinton Avenue.

Useful Info

Contingency:No Contingencies
Original List Price:$1,100,000

Land Lot (Parcel) Details

Lot Size Acres:0.1

Construction

Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
Roof:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$4,106

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2016

Terms

Documents Available:
  • Survey
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:DELRAY TOWN OF
Complex Name:DELRAY TOWN OF
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing NumberRX-10338648

Zoning and Legal

Tax Legal Description:TOWN OF DELRAY E 50 FT OF W 175 FT OF S 90 FT OF N 110 FT BLK 21
Real Estate Folio Number (Parcel Number):12434616010210130
Zoning Description:CBD(ci

Listing History

Update/EventDate/Days
Published Date:May 31, 2017 1:14 pm
On Market Date:May 31, 2017
Listing Contract Date:May 31, 2017
Contingent Date:August 14, 2017
Last Important Update Description:Pending (An offer has been accepted)
Date and Time of Last Important Update:December 7, 2021 12:58 pm
Status Last Changed:August 14, 2017 12:00 am
Photos Last Modified:February 24, 2024 5:11 am
Last Modified:September 30, 2024 9:27 pm
Days on the Market Reference Date:August 25, 2024
Days on the Market (updated on Last Modified*):75
Cumulative Days on the Market (updated on Last Modified**):75

Additional Information

Lot Size Range:,
Number of Photos:11
Location:,
Included:Building & Land,,
Geographical Area:Palm Beach 4220a; 4230b; 4360a; 4370b
Area:4470
Automated Valuation Display:Yes
Courtesy of:Atlantic One Realty Group LLC
Universal Property Id:US-12099-N-12434616010210130-R-N

Location

Show Property Address:Yes
Street Name:Atlantic Avenue
Street Number:524
Street Direction Prefix:W
Street Address:524 W Atlantic Avenue
City : Delray Beach
State : Florida
Zip Code : 33444
County : Palm Beach
Full Address:524 W Atlantic Avenue, Delray Beach, FL 33444
Latitude:N26° 27' 40.9''
Longitude:W81° 55' 16.9''

Neighborhood

Postal City:Delray Beach

Property Map