801 6Th AveDelray Beach, FL 33483

  • Retail properties
  • 705 SF
For Sale
$3,500,000 View listing

Property Details for 801 6Th Ave

Year built
1978
Construction
STEEL FRAME
Lot size
0.19 AC
Property size (Sq ft)
705 SF
Zone code
GC
Property type
Retail properties
Property subtype
Gas stations
APN
12-43-46-09-16-002-0010
APU
12434609160020010

Description

This exceptional two-story office building, located at 801 SE 6th Ave in Delray Beach, Florida, presents a compelling investment opportunity. Boasting a prime downtown location adjacent to US-1, this 9,044 square foot property sits on a 0.69-acre lot and offers over 25 parking spaces. Currently, the building enjoys a high occupancy rate of 96%, with a diverse tenant base comprised of medical and professional practices. The ground floor encompasses 4,522 square feet of well-maintained space. One 600 square foot office space is currently available, providing the new owner with the flexibility to either lease it or utilize it for their own business needs. The building is in excellent condition, featuring a recently updated roof and air conditioning system, ensuring minimal maintenance costs for the foreseeable future. The property's strategic location, high occupancy, and strong tenant mix make it an attractive investment in the thriving Delray Beach market. The asking price is $3,500,000. This is a rare opportunity to acquire a well-maintained, high-performing office building in a highly desirable location. The zip code is 33483, and the property is situated in Palm Beach County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $318,743
    6.5%
    $294,225
    7%
    $273,209
  • Comparable approach

    Method
    Valuation
    Relative Method
    $475,987
    Geo Method
    $475,987
  • Alternative Use

    Use
    Valuation
    Residential
    $248,190
    Hospitality
    $227,340
    Educational
    $189,144
    Medical
    $195,649
    Retail
    $294,225
801 6Th Ave, Delray Beach, Florida

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4742
Longitude
-80.067
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,681
$646,831
$139,353
$786,184
-
$646,831
$139,353
$786,184

FAQs

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