801 6Th AveDelray Beach, FL 33483

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

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.

• 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

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