220 1St StDelray Beach, FL 33444

Property Details for 220 1St St

Year built

1948

Construction

WOOD

Lot size

1.39 AC

Property size (Sq ft)

15,171 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

12-43-46-16-C8-000-0030

APU

12434616C80000030

Description

This exceptional commercial property in the heart of Delray Beach, Florida, presents a unique investment opportunity. Located at 220 NE 1st St, Delray Beach, FL 33444, this property offers a variety of office spaces, suitable for various business needs. The building is classified as Retail, Office, and Restaurant, with the available spaces specifically designated as Traditional and Executive Office suites. Multiple tenancies are available, providing flexibility for businesses of different sizes. Three distinct spaces are currently available, ranging in size from 3,527 square feet to 9,960 square feet, allowing for customization to meet specific requirements. The property benefits from its strategic location in a vibrant area of Delray Beach, known for its high foot traffic and dynamic atmosphere, making it an ideal location for businesses seeking high visibility and accessibility. Palm Beach County's thriving economy and strong community further enhance the property's appeal. The address is easily accessible and situated within a bustling commercial district. This presents a rare chance to secure prime commercial real estate in a desirable location. The property's versatility makes it suitable for a wide range of businesses seeking a prominent presence in Delray Beach. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,666,046

  6.5%

  $4,307,119

  7%

  $3,999,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,064,614

  Geo Method

  $4,064,614

• Alternative Use

  Use

  Valuation

  Residential

  $5,340,828

  Hospitality

  $4,892,170

  Educational

  $4,070,228

  Medical

  $4,210,209

  Retail

  $6,331,465

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.463

Longitude

-80.0706

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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