10 5Th AveDelray Beach, FL 33483

This exceptional free-standing commercial property, located at 10 NE 5th Avenue in Delray Beach, Florida, presents a unique investment opportunity. The 2,200 square foot, two-story building boasts a versatile layout, featuring retail space on the ground floor with excellent street frontage and high visibility. Above, a residential apartment unit offers additional income potential or flexibility for the owner. Built in 1904 and currently vacant, this property is situated just off Atlantic Avenue ("The Ave") in the heart of Downtown Delray Beach, a thriving area known for its vibrant retail scene, diverse dining options, and cultural attractions. The property benefits from a Walk Score of 92, indicating its exceptional walkability. Strong demographics support this investment, with over 75,000 residents within a 3-mile radius and an average household income exceeding $133,000 within a 1-mile radius. Over 46,000 daytime employees in the immediate vicinity further enhance the property's appeal. The asking price is $2,200,000. This property offers significant value-added potential through strategic enhancements or repositioning, capitalizing on the high demand for mixed-use properties in this rapidly growing area. Delray Beach's continued expansion, fueled by projects like Sundy Village, Atlantic Crossing, The SWAN apartments, and 301 apartments, ensures long-term growth and appreciation potential. The dual-use nature of the property allows for diverse income streams, making it an attractive investment for those seeking both immediate and long-term returns. The property's prime location and strong market fundamentals make it a compelling investment opportunity in one of South Florida's most desirable commercial markets.