For Sale
$850,000

801 Atlantic AveDelray Beach, FL 33483

Prime Atlantic Ave location, established business

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Delray Beach restaurant and bar is situated on a high-traffic corner of Atlantic Avenue, boasting 2,263 square feet of space. Built in 2023 and renovated in 2022, the property features a fully equipped kitchen and bar, including a new hood system, walk-in refrigeration, and a brand-new HVAC system. The ADA-compliant space also includes a patio area adding approximately 275 square feet. Ample rear parking is available. The current lease is a triple net (NNN) agreement with 8 years remaining on an 18-year term, expiring September 19, 2041, and includes a 10-year renewal option. Rent is $12,000 per month, with 3% annual rent bumps to the base. The property is zoned for restaurant/bar use and benefits from exceptional visibility and foot traffic in a vibrant area with over 20,000 vehicles passing daily. Located just 10 minutes from the beach and near I-95 Exit 52, the property is surrounded by a robust and affluent demographic, with over 90,000 people within a 3-mile radius and an average household income exceeding $79,100 within a 1-mile radius. This is an asset sale priced at $850,000. A complete equipment list is available upon request. This represents a rare opportunity to acquire a thriving business in a prime Delray Beach location.

Highlights

  • $850,000 asking price for a Class A, 2,263 SF restaurant/bar business for sale in Delray Beach, FL.
  • Located on high-traffic Atlantic Avenue, a prime corner location with daily traffic exceeding 20,000 vehicles.
  • NNN lease with 8 years remaining, 3% annual rent bumps, and a 10-year renewal option.
  • Building features a new restaurant hood, walk-in refrigeration, HVAC system, and ADA-compliant restrooms.
  • Ample rear parking available.

Property Details for 801 Atlantic Ave

Property type
Square Feet
2,263 SF
Class
A
Year Built/Renovated
2023/2022
Buildings
1
Stories
1
Units
1

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4621048
Longitude
-80.064115
801 Atlantic Ave, Delray Beach, Florida

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801 Atlantic Ave
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