HOMES BY DARCI
Southern Key Realty
524 W Atlantic Avenue Delray Beach FL 33444
Address
524 W Atlantic Avenue, Delray Beach, FL
Price
$ 1,100,000
Property Attributes
- MLS#R10338648
- TypeSingle Family
- Listing Status Pending
- CountyPalm Beach
- CityDelray Beach
- Area4470
- Zip33444
- Style
- Year Built1956
- Taxes$ 4105
- Price$ 1,100,000
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1280
- Lot Size0.1 Acres
Data Source:
Beaches MLS (FL)
Property Description
This property is being sold vacant and the rents illustrated are conservative net leased rents of $55 per square foot triple net. The rents are only being calculated on the under air space, but the property does offer a fenced in backyard as well. The current use of a free-standing bar is very coveted in Delray Beach as it provides a 750 foot radius restriction from another bar entering the market. Bars get some of the highest rents in the market based on the high margins on alcohol and the ability to operate on a lower overhead with reduced costs on overhead and costs associated with food. This asset is located on Atlantic Avenue East of I-95 and just west of Swinton Avenue. This corridor will be seeing a lot of big investment and transformation in the next few years with a new grocery store going in on the next block west of this property and much more new development planned for this specific corridor called The Set. Features include: Stand Alone Bar Zoning- 750 foot radius use restriction, Frontage on Atlantic Avenue, Adjacent to City Ampitheatre, High Barrier to Entry Use in this Market, New Grocery Store Being Developed Directly to the West and Bite-size Commercial Deal in a Hot Area.
| Price History | |
|---|---|
| 1/21/2026 | Listed $1,100,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Possession | CloseOfEscrow |
| Roof | Other |
| Security Features | SmokeDetectors |
| Construction Materials | Block |
| Year Built | 1956 |
| Electric | Phases3 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Industrial |
| Tax Year | 2016 |
| County | Palm Beach |
| Property Type | CommercialSale |
| Contingency | None |
| Status | Pending |
| Directions | HEAD EAST ON ATLANTIC AVE. PROPERTY IS LOCATED ON ATLANTIC AVE ON THE LEFT RIGHT AFTER SW 6TH AVE & RIGHT BEFORE NW 5TH AVE. |
| City | Delray Beach |
| Number Of Units Total | 1 |
| MLS Area | 4470 |
| Tax Annual Amount | 4105.57 |
| Standard Status | Pending |
| Property Sub Type Additional | Industrial |
| PostalCity | Delray Beach |
| Legal Description | TOWN OF DELRAY E 50 FT OF W 175 FT OF S 90 FT OF N 110 FT BLK 21 |
Interior Features
| Flooring | Tile |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Baths | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 4356 |
| Building Area Total | 1280 |
| Lot Size Acres | 0.1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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