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$8,500,000 Sale
Listed 11 hours ago
1200 E Atlantic Ave
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Key Facts
Key facts for 1200 E Atlantic Ave
Property Type
Other, Unspecified
Parking
10 parking
MLS #
A12114966
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$107,585 /yr
Days on Market
-
Year Built
1951
Maintenance Fee
-
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.
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Listing courtesy of: Apollo Investment & Real Estat