909 5Th AveDelray Beach, FL 33483

Property Details for 909 5Th Ave

Year built

2005

Construction

CONCRETE

Lot size

0.75 AC

Property size (Sq ft)

10,056 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Banks

APN

12-43-46-21-62-000-0021

APU

12434621620000021

Description

This exceptional 1,812 square foot office suite is located on the second floor of the SouthState Bank Building at 909 SE 5th Avenue in Delray Beach, Florida, 33483. The property is a single-tenant space within a larger building totaling 10,056 square feet. This Class A office suite boasts eight private offices, a spacious conference room, a convenient coffee bar, a welcoming lobby, and shared kitchen and bathroom facilities. The suite is part of a building zoned for General Commercial use within the City of Delray Beach, Palm Beach County. Its highly visible location offers excellent exposure, situated near the intersection of SE 5th Avenue, Federal Highway, and SE 9th Street. The building provides a parking ratio of 3.5 spaces per 1,000 square feet. This location offers easy access to major transportation arteries, including I-95, Linton Boulevard, and Atlantic Avenue, making it an ideal location for businesses seeking convenient access and high visibility. The property is classified as both Creative and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $4,546,502

  6.5%

  $4,196,771

  7%

  $3,897,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,789,393

  Geo Method

  $6,789,393

• Alternative Use

  Use

  Valuation

  Residential

  $3,540,133

  Hospitality

  $3,242,743

  Educational

  $2,697,924

  Medical

  $2,790,710

  Retail

  $4,196,771

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.448

Longitude

-80.0676

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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