241 4Th StDelray Beach, FL 33444

Property Details for 241 4Th St

Year built

2016

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

6,436 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

12-43-46-09-29-007-0081

APU

12434609290070081

Description

This exceptional Class A, two-story office building, totaling 6,436 square feet, is situated on a sizable 19,750 square foot corner lot in desirable Delray Beach, Florida. Built in 2016, the property boasts a 100% occupancy rate with three long-term tenants: Young Dentistry of DB, PA, Shining Sea Private Wealth, and Wildstar Partners LLC. The building features ample parking, with a 3.1 spaces per 1,000 square feet ratio. Its prime location on NE 4th Street, across from Bedner's Market and Artist's Alley, offers excellent visibility and convenient access to Atlantic Avenue and the vibrant Pineapple Grove area. The property is zoned Residential Office (RO) by the City of Delray Beach and presents a stabilized investment opportunity with strong cash flow potential. The building's address is 241 NE 4th Street, Delray Beach, FL 33444, and its Palm Beach County APN is 12-43-46-09-29-007-0081. This is a rare opportunity to acquire a high-quality, fully occupied office building in a thriving location. All information is believed to be accurate but is not warranted.

• CAP approach

  CAP return

  Valuation

  6%

  $1,979,478

  6.5%

  $1,827,211

  7%

  $1,696,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,724,333

  Geo Method

  $1,724,333

• Alternative Use

  Use

  Valuation

  Residential

  $2,265,742

  Hospitality

  $2,075,407

  Educational

  $1,726,714

  Medical

  $1,786,099

  Retail

  $2,686,000

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4694

Longitude

-80.07

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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