1200 E Atlantic Avenue, Delray Beach, FL 33483
$7,500,000
Property Type:
Comm/Industry
Baths:
6
Square Footage:
6,703
Status:
Active
Current Price:
$7,500,000
Last Modified:
4/10/2024
Description
Exceptional Investment Opportunity for Builders and Developers. This prime mixed-use property generates income today, also promises substantial future appreciation. You have the choice to hold it for long-term gains or redevelop it into five unique retail spaces and five expansive, high-end condominiums. Architecture and renderings provided by Randall Stofft Architects.
More Information MLS# RX-10902241
Contract Information
Status: Active
Original List Price: 9250000
Auction: No
List Price: $7,500,000
Current Price: $7,500,000
List Price/Bldg SqFt: 1118.9
Listing Date: 2023-07-06
Comm/Non-Rep: 4%
Comm/Buyer Agent: 4%
Comm/Trans Brk: 4%
General Property Description
Type: Mixed Use
For Sale: Yes
For Lease: No
Property Desc: Income / Development
Subdivision: OCEAN PARK DELRAY
Year Built: 1951
SqFt - Living: 6703
SqFt Source: Tax Rolls
# of Stories: 2
Total Units: 6
Baths - Total: 6
Acres: 0.22
% Air Conditioned: 100
Location, Tax & Legal
Area: 4140
Geo Area: PB05
Country: United States
County: Palm Beach
Parcel ID: 12434616280020032
Street #: 1200
Street Dir: E
Street Name: Atlantic
Street Suffix: Avenue
State/Province: FL
Zip Code: 33483
Zoning: CBD(ci
Legal Desc: OCEAN PARK DELRAY S 1/2 OF LT 3 & LTS 4 THRU 6 (LESS N 7 FT ATLANTIC AVE R/W) BLK 2
Tax Year: 2022
Real Estate Taxes: 70020.2
Geo Lat: 26.461431
Geo Lon: -80.059612
Remarks & Misc
Directions: East Atlantic Ave toward the ocean. One block from A1A on Atlantic Ave.
Office/Member Info
DXORIGMLNO: RX-10902241
DXORIGMLSID: RML
Property Features
Use: Income; Mixed
Type of Building: Commercial; Income; Office/Retail; Retail; Other
Sale Includes: Building and Land
Avail Docs: Survey
Avail Info: Drawings; Existing Survey
Flooring: Other
Cooling: Other
Heating: Other
Fire Protect: Smoke Alarm
Tenant Pays: Common Area Maint.; Electric; Taxes; Water
Utilities: Electric; Public Sewer; Public Water; Separate Meter; Other
Roof: Other
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing
Listing Office: Ocean Delray Real Estate
Last Updated: April - 10 - 2024
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