801 6Th AveDelray Beach, FL 33483
- Retail properties
- 705 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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