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246 NE 6th Ave
Delray Beach, FL 33483 Downtown Delray Beach

$2,499,999 USD

Apartments Condo For Sale  •  2,939 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,939 SF
  • Lot Size 0.19 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 6.92 %
  • Zoning CBD - Central Business Di
0 Transit Score
86 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Office/Retail 2,939 SF $2,499,999 USD
  • Unit Size: 2,939 SF
  • Condo Use: Office/Retail
  • Price: $2,499,999 USD
  • Sale Type: Investment
  • Price/SF: $850.63 USD
Description
This luxury mixed-use boutique development offers a fully leased ground-floor single-tenant retail space.   2,939 SF 10-year lease in place. 

Investment opportunity to own ground floor retail in this prestigious new construction location.  

This is not a multifamily offering or a condominium offering the luxury condominiums on the upper floors are individually and privately owned.

Located in the heart of East Delray Beach, this exceptional new development stands as the epitome of sophistication in the community.

Sale Notes
Fully leased ground floor retail space in this mixed use property available for sale. Great cap rate solid Med Spa tenant with multiple locations.  Perfect 1031.  The upper three floors are PRIVATELY OWNED luxury condominiums that owner of ground floor has no connection to.

Contact Agent.
214 336-0379

Description 

3,000 SF Commercial retail ground floor with long term single tenant for sale $2.49M 
Tenant has a ten year lease with renewal options. Great cap rate new construction mixed use development 2024. 

Upper floors are privately owned Luxury Condominiums.  

This is not a multifamily or condominium sale offering.  The condominiums located on the upper floors are privately and individually owned.
Ample parking on site.
Contact Agent. 214 336 0379 pamela.martin@elliman.com

Highlights

Income Producing Property Fully Leased Ground Floor Tenant, Great Monthly Cash Flow, Single Tenant, 7 Cap

Financial Summary

Cap Rate: 6.92 %
Total Expenses: $0 USD

Amenities

  • Controlled Access
  • Security System
  • Public Transportation

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)) 14 min - 7.5 mi
AirportDriveWalkDistance
Palm Beach International 29 min - 19.5 mi
Fort Lauderdale/Hollywood International 44 min - 32.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Pamela Martin 214-336-0379 Douglas Elliman
Pamela Martin 214-336-0379 Douglas Elliman