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235-245 NE 4th Ave
Delray Beach, FL 33483 Downtown Delray Beach

$4,900,000 USD

Loft Creative Space For Sale  •  10,800 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 10,800 SF
  • Lot Size 0.67 AC
  • Building Class B
  • Year Built 1969
  • Cap Rate 3.23 %
  • Tenancy Multiple
  • Zoning CBD-RC
0 Transit Score
87 Walk Score

Highlights

Hot Delray Beach Market 3 Blocks N. of Atlantic Avenue
Fronts on Both Southbound Federal Highway (5th Ave) and NE 4th Ave. Next Door to the New Hampton Hotel
Currently 10,800 sf of Fully Leased Office fronting with its own private Parking Lot
Change use to Residential or Mixed Use. Many Condos and Townhouse Projects in the Immediate Area. Hot Market for This Use.
Build New and Increased Office Space on Southbound Federal with Parking Garage and Go up 4 Stories, ask to see plans
Zoning CBD-RC .67 ACRES. Call Laura 561-350-3103 or Cecelia 561-302-8978 for More Details
Cap Rate: 3.23 %

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Delray Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.6 mi
Boca Raton (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 7.5 mi
AirportDriveWalkDistance
Palm Beach International 28 min - 19.5 mi
Fort Lauderdale/Hollywood International 43 min - 32.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes
Laura Allen 561-350-3103 Southdale Properties Inc
Laura Allen 561-350-3103 Southdale Properties Inc