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802 SE 5th Avenue

Delray Beach, FL 33483
  • $3,750,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: RX-10840836
UPDATED: 28 min ago
$3,750,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,783
    SQFT
  • $1,347
    $/SQFT
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

Description

An amazing Delray Beach opportunity within this Commercial Investment restaurant property. Great and consistent cash flow with virtually no effort or cost to the owner. Property faces appr 211 feet on 5th Avenue which is southbound Federal Hwy and has heavy traffic passing all day, everyday. It's just south and within walking distance of Atlantic Avenue. The current tenant has an excellent reputation and has been established on site for 6 years with approximately 4 years left on the current NNN lease. Zoning is the broad and open Central Business District for considering future uses. CBD Zoning affords all the permitted uses of GC and a long list of others as well as countless conditional uses. An excellent building and almost 29,000 sf of improved land convey to the fortunate new owner.

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www.bettersouthfloridahomes.com/homes/134197448
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802 SE 5th Avenue Delray Beach, FL 33483

  • Price: $3,750,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 28 min ago
  • MLS #: RX-10840836
0
Beds
0
Baths
0
½ Baths
0.66
Acres
2,783
SQFT
$1,347
$/SQFT
1976
Built
County:
Palm Beach
Area:
Delray Beach
Property Description
An amazing Delray Beach opportunity within this Commercial Investment restaurant property. Great and consistent cash flow with virtually no effort or cost to the owner. Property faces appr 211 feet on 5th Avenue which is southbound Federal Hwy and has heavy traffic passing all day, everyday. It's just south and within walking distance of Atlantic Avenue. The current tenant has an excellent reputation and has been established on site for 6 years with approximately 4 years left on the current NNN lease. Zoning is the broad and open Central Business District for considering future uses. CBD Zoning affords all the permitted uses of GC and a long list of others as well as countless conditional uses. An excellent building and almost 29,000 sf of improved land convey to the fortunate new owner.
Exterior Features

Bays 0 Construction Cbs Loading Docks 0 Roof Concrete Tile Waterfront YN No

Interior Features

Bath Toilets 2.00 Ceiling Height 0 Cooling CentralElectric Door Height 0 Flooring Tile Heating CentralElectric Miscellaneous2 Restaurant Offices 1 Percent Air Conditioned 2783.00

Property Features

Auction No Available Docs Survey Available Info Copies Of LeaseFull FinancialsNone Fire Protection None For Lease No For Sale Yes Lease Subject To LeaseTriple Net List Office Board Code Greater Fort Lauderdale Realtors Location Central Business DstOther Monetary Info Net Oper Income 116265.00 Monetary Info Source Of Expenses Owner Possession At ClosingSubject To Lease Sale Includes Building And Land Tax Amount Real Estate Taxes 28981.00 Tax Year 2022 Tenant Pays ElectricInsuranceRepairsTaxes Tenants 1 Terms Considered CashConventional Type Of Building CommercialFree StandingIncomeLoungeOffice SpaceRestaurant Use Other Utilities Public SewerPublic Water Zoning Cbd - Cbd-Centr

Listing provided courtesy of : . Listing information © 2022 BeachesMLS
 
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1361 Sawgrass Corporate Parkway #200
Sunrise FL, 33323