For Sale
$5,750,000

117 5 Ave Delray Bch Delray Beach, FL 33483

Prime Downtown Retail, Two Units

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional multi-use commercial property, located at 117 NE 5th Avenue in Delray Beach, Florida, presents a compelling investment opportunity. Priced at $5,750,000, this free-standing, corner building boasts 7,267 square feet across two units. Unit A, currently tenant-occupied, comprises 3,366 square feet of office space, including a 1,033 square foot loft, featuring offices, a conference room, reception area, and storage. Unit B, a vacant 2,868 square foot space, offers a large, open showroom area, an office/work room, and a rear inventory/stock room with overhead garage door access. The property includes a valuable 17-space off-street parking area. Situated at the northeast intersection of NE 5th Avenue and NE 1st Street in downtown Delray Beach, this property benefits from a CBD zoning designation. The lot size is approximately 0.3226 acres (14,052 square feet), measuring roughly 125 feet by 112.4 feet. Built in 1964, this single-story building offers significant potential for a variety of commercial uses. All information is deemed reliable but not guaranteed; buyers are advised to verify all details independently. This listing is subject to errors, omissions, and changes without notice.

Highlights

  • $5,750,000 asking price for this Delray Beach retail property.
  • 7,267 square feet in a single-story building.
  • Two units available, one currently occupied, one vacant.
  • Built in 1964, situated on a 0.32-acre lot in the CBD zoning district.
  • Includes 17 off-street parking spaces.

Property Details for 117 5 Ave Delray Bch

Property type
Retail properties
Square Feet
7,267 SF
Year Built
1964
Buildings
1
Stories
1
Units
2

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.463651585849
Longitude
-80.067820936632

FAQs

What type of property is this?
Retail property - Prime Downtown Retail, Two Units
Where is the retail property located?
The property is located at 117 5 Ave Delray Bch Delray Beach, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: $5,750,000 asking price for this Delray Beach retail property.; 7,267 square feet in a single-story building.; Two units available, one currently occupied, one vacant.
How can I contact the broker?
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117 5 Ave Delray Bch
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