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2,800 SF Commercial For Sale — $5,000,000 — 117 NE 5th Ave, Delray Beach

📍 117 NE 5th Ave · 1st Floor · Delray Beach, FL 33483
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Quick Unit Specs
2,800 SF Sq Ft
Retail / Storefront Type
Available Status
For Sale Listing Type
Lease Rate
Monthly Rate
Lease Terms
Lease Type
$5,000,000 Asking Price
$802.05 Price / SF
Cap Rate
NOI
Condition
Power
HVAC
6 spaces Estimated Parking
Yard
Building Specifications
CityDelray Beach, FL
ZIP Code33483
ZoningCBD ›
Year Built1964
Gross Leasable Area6,234 SF
Total Building SF6,234 SF
Total Available2,800 SF
Land Area14,051 SF
Lot Size0.32 AC
Parking (building)8 Spaces
ConstructionSTUCCO ON MASON
Parking Ratio1.98/1,000 SF
Floor Area Ratio0.444
Percent LeasedVacant
AmenitiesBus Line; Corner Lot; Signage; Signalized Intersection; Tenant Controlled HVAC; Storage Space; Monument Signage; Air Conditioning
Walk Score60/100
Renovated1995
Space Description & Highlights
117 NE 5th Avenue is a free standing corner building with a total of (2) retail spaces. (1 A) is occupied by an attorney and will be vacant March 1, 2026
Unit 2 (B) is VACANT and is available now. The entire property is for sale as well for $5,000,000
There are 17 off street on site parking spaces including one handicap.
Location is incredible one block north of Atlantic Avenue in East Downtown Delray Beach.
Busy highly visible corner at NE 5th Ave & NE 1st street.
Building Description
Executive Summary
Multi-use commercial property with 17 space off street parking lot. A free standing corner 2-unit building on a double lot located at the intersection of NE 5th Avenue & NE 1st Street in Downtown Delray Beach. Unit A (Tenant Occupied) has 3366 sq ft plus a loft area of 1033 sq ft consisting of offices, conference room, reception area and storage. Unit B (now vacant)has 2,868 sq ft of available floor space & is a large, mostly open showroom, space with an office/work room and an inventory/stock room in back area with overhead garage door access. Property is zoned CBD. Lot is .3226 ACcres/14052 SF (125 x 112.4)
Investment Highlights
Investment Highlights Corner highly visible property just one block north of Atlantic Avenue. CBD Zoning - High density for redevelopment. 17 parking spaces includes one handicapped on site (parking lot) double lot property.
Approved Uses
Allowed by right
Clothing / apparel boutique, Shoe store, Jewelry store, Home decor / furniture / interior design showroom, Art gallery, Bookstore, Gift shop / souvenir shop, Florist, Specialty grocery / gourmet market, Bakery / patisserie (retail), Ice cream, gelato or frozen yogurt shop, Coffee shop / espresso bar / coffee roaster with retail, Full-service sit-down restaurant, Fast-casual restaurant / counter-service eatery (no drive-thru), Juice / smoothie / acai bar, Wine bar / cocktail lounge, Hair salon / barbershop, Nail salon, Day spa / massage establishment, Med spa / aesthetics clinic, Dry cleaner / tailor / alterations (drop-off), Shoe repair, Pet grooming, Law office, Accounting / CPA / tax office, Real estate brokerage office, Insurance agency, Architecture, engineering or design firm, Marketing / advertising / tech / software office, Co-working / shared office space, Title company / mortgage office, Bank or credit union branch (no drive-through), Dentist / orthodontist office, Physician / physical therapy / chiropractic office, Dermatology or plastic surgery practice, Optometrist / optical shop, Pharmacy / drugstore, Yoga studio, Pilates or barre studio, Boutique fitness gym / CrossFit box, Personal training studio, Jiu-jitsu, karate or martial arts dojo, Dance studio, Music school / art school / tutoring center, Cooking school / demonstration kitchen, Museum or cultural center, Photography studio, Ceramics, glassblowing or pottery studio, Jewelry making / metalsmith workshop, Custom framing shop, Small-batch chocolate, coffee or specialty food production with retail, Hotel, Boutique hotel / residential-type inn, Multi-family apartments or condominiums (upper floors), Townhouses, Live/work unit (studio or shop with residence above), Public or private parking garage (Secondary Street use; must be lined on Primary Streets), Antique shop (verifiable antiques only), Bicycle shop / bike rental
With special approval
Brewpub or taproom with on-site brewing, Nightclub or live-music venue (Entertainment District hour limits apply), Bar open past midnight (24-hour or late-night business), Tattoo or permanent-makeup studio, Veterinary clinic (no outdoor kennels), Bank with drive-through lanes, CBD oil retail as accessory to a pharmacy, medical office or clinic (not on Required Retail Frontage; max 20% of tenant GFA; 8am-10pm), Live theater, cinema or performing arts venue, Screen printing or small sign / graphics shop, Bed and breakfast, Surface parking lot, Child care / preschool, Place of worship or assembly, Car wash or auto detailing (interior, one enclosed wash bay; no repair or fueling on site), Gasoline station, Sporting goods and equipment rental (limits per 4.4.13(C)(4)(c)), Consignment / secondhand or thrift store (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Firearms or auto-parts retail (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Contractor office with limited storage/workshop (no self-storage; 55-gallon cap)
Read the full CBD zoning guide ›
Trade-area demographics
Population
3,813
Households
1,819
Median income
$113,630
Median home value
$629,500
Trade area (1 / 3 / 5 mi)
1 mi3 mi5 mi
Population7,32966,812168,955
Households3,62029,49677,843
Avg income$178,905$118,416$111,739
Household income (purchasing power)
< $50k0%
$50–100k0%
$100–150k0%
$150k+0%
Traffic count (frontage)
29,500 cars/day (AADT)

Neighborhood Demographics · Census Tract 006502

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
3,813
Population
$113,630
Median Household Income
46
Median Age
1,819
Households
$629,500
Median Home Value
Household Income of 1,819 households
<$50k514 28%
$50–100k303 17%
$100–150k343 19%
$150k+659 36%
Age of 3,813 residents
Under 18278 7%
18–341,138 30%
35–541,057 28%
55–64645 17%
65+695 18%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
7,329
population
3,620 households
$178,905 avg income
3 Miles
66,812
population
29,496 households
$118,416 avg income
5 Miles
168,955
population
77,843 households
$111,739 avg income

Frontage Traffic vs. Palm Beach County's Busiest Roads

This property fronts NE 5th Ave. Below, its measured daily traffic (FDOT count) is compared to five of the county's busiest roads — I‑95, Florida Turnpike, Okeechobee Blvd, US‑1/Federal Hwy, and Military Trail (approximate peak AADT) — to show how much exposure the location gets.
29,500vehicles / day on NE 5th Ave (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
◆ NE 5th Ave 29,500
This frontage carries about 12% of I‑95's volume — solid commercial‑corridor traffic. County roads shown are approximate peak AADT.
FDOT count stations on NE 5th Ave
29,500 AADT between SW 11 AVE and SWINTON AVE (2025)
24,500 AADT between CONGRESS AVE and NE 7 AVE (2025)
15,600 AADT between SR-806/ ATLANTIC AVE and NE 5 AVE (2025)
14,000 AADT between SR-806/ATLANTIC AVE and US-1 / SR-5 (2025)
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone
Proximity
✈ Airports
Palm Beach Intl (PBI) 19.3 mi 28 min drive
Ft. Lauderdale (FLL) 32.5 mi 43 min drive
Miami Intl (MIA) 48.1 mi
⚓ Seaports
Port of Palm Beach 21.3 mi
Port Everglades 25.7 mi
PortMiami 47.8 mi
Appraiser Data
Parcel Control No.12434616011070091
Assessed Value$2,814,300
Land Value$1,858,947
Improvement Value$946,490
Legal Description
TOWN OF DELRAY
Sale History
Sale 1$2,250,000 · 4/2006
Source: Palm Beach County Appraiser Records
Asking Price
$5,000,000
Extended Unit Specifications
Suite 1st Floor
Available Now
Clear Height
Drive-In Bays
Dock-High Bays
Office SF
Restrooms
Parking Ratio 1.98
Op. Expenses
Request Information
Listing Courtesy of Douglas Elliman
CM
Cheran Marek
Douglas Elliman