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1200 E Atlantic Ave, Delray Beach, FL 33483
Offering:
For Sale
Location:
Delray Beach, FL 33483
Status:
Active
$8,500,000
Deemed reliable but not guaranteed.
Details
Year built:
1951
Lot size:
0.23 acres · 9,977 sq ft
Levels:
Two
Stories:
2
Parking:
10 spaces
Annual tax (2025):
$107,585
Type:
Mixed-Use
MLS ID
A12114966
Listed by:
Apollo Investment & Real Estat (276622235)
Listing office phone:
561-716-8090
Listing office email:
Listing agent:
Christopher Nicotra (237522148)
Description
Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
Price history
$8,500,000 → $8,500,000
· 1 price changes
Location
1200 E Atlantic AveDelray Beach, FL 33483
MLS information
Last updated Oct 29, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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