55 5Th AveDelray Beach, FL 33483

Property Details for 55 5Th Ave

Year built

2001

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

18,756 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

12-43-46-16-E8-001-0000

APU

12434616E80010000

Description

This exceptional Class A office building, located at 55 NE 5th Ave, Delray Beach, FL 33483, presents a unique owner-user opportunity. The 18,796 square foot building, constructed in 2001, boasts a prime location just steps from Atlantic Avenue in the heart of Delray Beach's central business district (CBD). The four-story structure offers ample parking with 52 spaces, providing a generous 2.8 spaces per 1,000 square feet. The property is currently vacant, presenting a blank canvas for immediate occupancy. Unique features include three former bank drive-thru lanes, adding significant potential for adaptive reuse. The 0.2-acre lot is zoned CBD, offering flexibility for various business needs. This move-in-ready space is ideal for a headquarters location or a company seeking a prestigious address in a vibrant, high-traffic area. The building's excellent condition and convenient location make it an attractive investment for discerning businesses. The property's strategic placement ensures high visibility and accessibility, making it an exceptional opportunity in the thriving Delray Beach market. This is a rare chance to acquire a well-maintained, vacant office building in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,768,660

  6.5%

  $5,324,918

  7%

  $4,944,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,025,108

  Geo Method

  $5,025,108

• Alternative Use

  Use

  Valuation

  Residential

  $6,602,898

  Hospitality

  $6,048,219

  Educational

  $5,032,047

  Medical

  $5,205,107

  Retail

  $7,827,628

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.463

Longitude

-80.0678

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].