230 George Bush BlvdDelray Beach, FL 33444

Property Details for 230 George Bush Blvd

Year built

1959

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

7,493 SF

Zone code

RO

Property type

Healthcare properties

Property subtype

Medical offices

APN

12-43-46-09-29-011-0230

APU

12434609290110230

Description

This exceptional mixed-use property, located at 230 George Bush Boulevard in Delray Beach, Florida, presents a unique investment opportunity. Built in 1959, this three-story building boasts over 9,000 usable square feet, encompassing a luxurious residential loft and a Class A commercial office space on the ground floor. The zoning allows for flexible use, enabling the property to function entirely as a residence, entirely as an office, or a combination of both. The interior, designed by Emmy Blake, features eight bathrooms, three covered balconies, and a rooftop kitchen. The property also includes a significant advantage: nineteen parking spaces, including a climate-controlled, two-car garage ideal for collectors. Situated on a nearly half-acre lot at a highly visible location on George Bush Boulevard, this property serves as a prominent gateway to Delray Beach, offering unparalleled convenience to the ocean, restaurants, and shops. The asking price is $23,450,000. This turnkey property offers an unparalleled blend of luxury living and commercial potential in a prime Delray Beach location. The property consists of two units.

• CAP approach

  CAP return

  Valuation

  6%

  $2,304,573

  6.5%

  $2,127,298

  7%

  $1,975,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,007,524

  Geo Method

  $2,007,524

• Alternative Use

  Use

  Valuation

  Residential

  $2,637,850

  Hospitality

  $2,416,256

  Educational

  $2,010,297

  Medical

  $2,079,434

  Retail

  $3,127,128

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4738

Longitude

-80.0696

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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