217 Atlantic Ave Delray Beach, FL 33444

This exceptional three-story, 10,330 square foot restaurant/nightclub located at 217 E. Atlantic Avenue in Delray Beach, Florida, presents a unique investment opportunity. Built in 1939, this fee-simple property boasts a prime location in the heart of the city's vibrant entertainment district, surrounded by high-end establishments such as City Oyster and Sushi Bar, Starbucks, and Tommy Bahama's. The building features two kitchens and eleven dedicated parking spaces, a rarity in this coveted area. Currently vacant, this property offers significant upside potential for an owner-user or value-add investor seeking to capitalize on the high demand for commercial space in this rapidly growing market. With a pro-forma NOI of $1,150,000 and a pro-forma cap rate of 7.49%, this property offers a compelling return on investment. The permitted CBD zoning allows for flexible use, and the property's corner location directly adjacent to the FEC train tracks ensures high visibility. The asking price is $14,500,000, translating to $1,403.68 per square foot. Nearby developments, including Sunday Village and Atlantic Crossing, further enhance the property's long-term value and potential for appreciation. The property sits on an 8,067 square foot lot. Seller financing may be available based on buyer qualifications. This is an irreplaceable opportunity to acquire a high-street restaurant/nightclub property in one of South Florida's most desirable locations. The property allows for operation until 2 AM.