555 5Th AveDelray Beach, FL 33483

Property Details for 555 5Th Ave

Year built

2001

Construction

CONCRETE

Lot size

2.89 AC

Property size (Sq ft)

28,020 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

12-43-46-09-74-001-0010

APU

12434609740010010

Description

This exceptional Class A, 2,200 square foot day spa located at 555 NE 5th Ave, Delray Beach, Florida 33483, is offered for sale at $360,000. The business, Essentials Spa Massage and Facials, is a turnkey operation, complete with all inventory, tools, and comprehensive training for a seamless transition. This established spa offers a wide range of high-demand services, including rejuvenating facials, relaxing massages, and luxurious body treatments, ensuring a steady stream of clientele. The spa's tranquil atmosphere and top-notch services create a luxurious escape for clients. With 300 units and an owner/user investment type, this presents a unique opportunity for an entrepreneur to step into a profitable and established business within the thriving wellness industry. The business is ready for immediate operation and poised for continued growth, offering a high return on investment. This is an exceptional opportunity to acquire a well-established, profitable business in a prime Delray Beach location. All aspects of the business are included in the sale, making this a truly turnkey operation. The spa's existing client base and reputation for excellence provide a solid foundation for future success. This is a rare opportunity to own a thriving business in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $12,668,355

  6.5%

  $11,693,866

  7%

  $10,858,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,917,938

  Geo Method

  $18,917,938

• Alternative Use

  Use

  Valuation

  Residential

  $9,864,214

  Hospitality

  $9,035,567

  Educational

  $7,517,486

  Medical

  $7,776,024

  Retail

  $11,693,866

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4709

Longitude

-80.0677

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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