800 SF Storefront Retail/Office For Sale — $3,500,000 — 504 E Atlantic Ave, Delray Beach

This property offers prime office space that is broken down into (2) rooms, with one currently being a large open office and the other room set up as a conference room, but the (2) rooms and private bathroom can be configured to fit the tenant. The lease is structured on a Modified Gross structure and the rent is $3,000 a month. The property sits just off the hard corner of Atlantic Avenue in Downtown Delray Beach, adjacent to a public parking lot.

Executive Summary
Marcus & Millichap is pleased to present the restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment
property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a
restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at
below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue.
The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental
structure and the ability to liquidate 4COP to bring the basis down of the overall investment.
Don't hesitate to contact to register and secure the financial and lease information and details.

Investment Highlights A Great Location in The Center Of Downtown Delray Beach with Substantial Frontage Surrounded By Lots Of Parking, Including Public Lot And IPIC Garage. Anchored By A Highly Coveted Restaurant Use At A Below-Market Rent Providing Upside Sale Includes 4COP Liquor License with A Value Of $240K+

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)

Source: Palm Beach County Appraiser Records