630 5Th AveDelray Beach, FL 33483

Property Details for 630 5Th Ave

Year built

1961

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

1,288 SF

Zone code

CBD

Property type

Office buildings

APN

12-43-46-09-24-000-0010

APU

12434609240000010

Description

This exceptional mixed-use property, located at 630 NE 5th Avenue in Delray Beach, Florida, presents a rare opportunity. The 1,288 square foot building, constructed in 1961 and renovated in 2016, sits on a substantial 14,566 square foot lot zoned CBD. Currently utilized as an auto sales lot, the property boasts over 350 feet of frontage on US 1, providing excellent visibility and accessibility. The single-story building is part of a larger operation, with the current owner holding a lease for an additional 8,625 square feet of adjacent auto display area from the FEC (Florida East Coast Railway). Note that the seller makes no warranties or guarantees regarding this additional leased area

• CAP approach

  CAP return

  Valuation

  6%

  $396,142

  6.5%

  $365,669

  7%

  $339,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $345,081

  Geo Method

  $345,081

• Alternative Use

  Use

  Valuation

  Residential Income

  $453,430

  Hospitality / Lodging

  $415,339

  Institutional / Educational

  $345,558

  Healthcare / Senior Housing

  $357,442

  Retail / Commercial

  $537,534

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.472

Longitude

-80.0684

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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