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Vacant-User

217 E. Atlantic Avenue

217 E Atlantic Ave, Delray Beach, FL 33444

Listing Price: $14,500,000

Gross SF
11,500
Rentable SF
11,500
Price/Gross SF
$1,260.87
Lot Size
0.17 acres
Year Built
1939

Investment Overview

Marcus and Millichap are proud to exclusively market 217 East Atlantic Avenue, the former Buddha Sky Bar, in the heart of the thriving downtown Delray Beach entertainment district. The three-story property encompasses 11,500 +/- square feet of GLA and includes two kitchens along with eleven dedicated parking spaces behind the building. The building is ideal for a high-end restaurant end user in an irreplaceable Downtown Delray Beach location.

The property sits in a prime area of Delray Beach on the 200 Block of East Atlantic Avenue with Johnny Browns, Lion Fish, City Oyster and many of the other major hospitality within steps of the subject property. Comparable properties have sold recently in the immediate area for upwards of $1,600 per square foot.

This area is positioned for even more significant growth with a number of large projects under construction, including Sunday Village, Atlantic Crossing, The SWAN apartment project, and 301 apartment project, as well as the Delray Beach Market that is bringing in two new large entertainment concepts including Bounce and Leftkes a Greek concept.

Investment Highlights

  • Irreplaceable High Street Restaurant/Nightclub Property Located on Atlantic Avenue
  • Two Separate Kitchens and Additional Parking in Back
  • Ideal Owner/User or Value Add Investor Opportunity to Re-Rent Vacant Spaces to One or Multiple Tenants
  • Seller Financing Available Based on Buyer Qualifications
  • Coveted Entertainment District Provides the Ability to Operate till 2AM
  • Atlantic Avenue is Home to High-End Neighboring Tenants Including City Oyster & Sushi Bar, Starbucks, Urban Outfitters, It's Sugar, Sunglass Hut and Tommy Bahama's

Exclusively Listed By

Financing By

Vacant-User

217 E. Atlantic Avenue

Listing Price: $14,500,000

Gross SF
11,500
Rentable SF
11,500
Price/Gross SF
$1,260.87
Lot Size
0.17 acres
Year Built
1939

Investment Highlights

  • Irreplaceable High Street Restaurant/Nightclub Property Located on Atlantic Avenue
  • Two Separate Kitchens and Additional Parking in Back
  • Ideal Owner/User or Value Add Investor Opportunity to Re-Rent Vacant Spaces to One or Multiple Tenants
  • Seller Financing Available Based on Buyer Qualifications
  • Coveted Entertainment District Provides the Ability to Operate till 2AM
  • Atlantic Avenue is Home to High-End Neighboring Tenants Including City Oyster & Sushi Bar, Starbucks, Urban Outfitters, It's Sugar, Sunglass Hut and Tommy Bahama's

Investment Overview

Marcus and Millichap are proud to exclusively market 217 East Atlantic Avenue, the former Buddha Sky Bar, in the heart of the thriving downtown Delray Beach entertainment district. The three-story property encompasses 11,500 +/- square feet of GLA and includes two kitchens along with eleven dedicated parking spaces behind the building. The building is ideal for a high-end restaurant end user in an irreplaceable Downtown Delray Beach location. The property sits in a prime area of Delray Beach on the 200 Block of East Atlantic Avenue with Johnny Browns, Lion Fish, City Oyster and many of the other major hospitality within steps of the subject property. Comparable properties have sold recently in the immediate area for upwards of $1,600 per square foot. This area is positioned for even more significant growth with a number of large projects under construction, including Sunday Village, Atlantic Crossing, The SWAN apartment project, and 301 apartment project, as well as the Delray Beach Market that is bringing in two new large entertainment concepts including Bounce and Leftkes a Greek concept.

Exclusively Listed By

Financing By

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