5341 Atlantic AveDelray Beach, FL 33484

Property Details for 5341 Atlantic Ave

Year built

1982

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

1,147 SF

Property type

Banks

APN

00-42-46-14-28-003-0070

APU

424614280030070

Description

This exceptional 1,179-square-foot special purpose property, located at 5341 W Atlantic Avenue in Delray Beach, Florida (zip code 33484), presents a unique investment opportunity. Currently configured as a single-tenant space, it features four separate offices, two restrooms, a small break room/kitchenette with a refrigerator, and ample storage. The property boasts both front and rear entrances, ensuring convenient access. Abundant on-site parking is available for tenants and clients. The building sits on a lot with a size of 0 sq ft and is zoned GC. The property's APN is 00424614280030050. Ideal for medical practices, legal offices, or other professional businesses, this space offers significant flexibility. The landlord is open to making modifications to suit the needs of a new tenant, making it an adaptable and attractive option. The property is currently listed at a below-market rate of $2500 per month. This prime West Delray Beach location on West Atlantic Avenue offers excellent visibility and accessibility. Don't miss this chance to secure a well-located, adaptable commercial space at an attractive price point.

• CAP approach

  CAP return

  Valuation

  6%

  $518,580

  6.5%

  $478,689

  7%

  $444,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $774,407

  Geo Method

  $774,407

• Alternative Use

  Use

  Valuation

  Residential

  $403,792

  Hospitality

  $369,871

  Educational

  $307,729

  Medical

  $318,312

  Retail

  $478,689

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4588

Longitude

-80.1281

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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