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Single-Tenant Office

Downtown Delray Beach - Central Business District

319 NE 3rd Ave, Delray Beach, FL 33444

Listing Price: $1,200,000

Cap Rate
4.00%
Tenant Name
Owner/User Selling Property
Gross SF
1,799
Guarantor
General Partnership
Rentable SF
1,799
Price/Gross SF
$667.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.00

Investment Overview

This bite-size asset sits between NE 3rd Avenue and Artist Alley next to the iconic 3rd N 3rd Restaurant. This is one of the few pockets left that is about to explode with (2) new restaurant concepts coming in adjacent and across the street from this site. It is also adjacent to the Arts Warehouse which is a large draw to the area with its rotating exhibits and subsidized artist work space. This property is about 1,800 sf and currently fits the office/industrial nature of this area with clean, but dated office space with bull-pen, private office and conference room as well as a large attached industrial space type of garage in the back with alley access. This property is zoned CBD (Central Business District) with a Railway underlay providing the widest array of uses for this property including distillery, office, retail, apartments and more. Speak to Brian Rosen Listing broker for more details on zoning and uses permitted. There no prime commercial properties in this low price-point available in downtown Delray Beach. The warehouses to the north of the Arts Warehouse are for sale for 16.5 million. This area is going to see a lot of great change for the positive in this already established arts corridor and this is an investor's opportunity to get into this sandbox at a lower-price point than anywhere else in this immediate market for a stand alone building.

Investment Highlights

  • Great Location in Pineapple Grove with alley access and backing up to the ARTS WHAREHOUSE . This property is adjacent to the iconic 3rdN3rd landmark restaurant
  • New Design Build street beatification project approved and financed by City and CRA to make this Artist Alley pocket feel more like an enclave of Pineapple Grove.
  • Great for an Owner/User looking for irreplaceable real estate in the hear t of Pineapple Grove and next to a new 52 car mechanical garage to assist with parking needs in the immediate area,

Exclusively Listed By

Financing By

Single-Tenant Office

Downtown Delray Beach - Central Business District

Listing Price: $1,200,000

Cap Rate
4.00%
Tenant Name
Owner/User Selling Property
Gross SF
1,799
Guarantor
General Partnership
Rentable SF
1,799
Price/Gross SF
$667.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.00

Investment Highlights

  • Great Location in Pineapple Grove with alley access and backing up to the ARTS WHAREHOUSE . This property is adjacent to the iconic 3rdN3rd landmark restaurant
  • New Design Build street beatification project approved and financed by City and CRA to make this Artist Alley pocket feel more like an enclave of Pineapple Grove.
  • Great for an Owner/User looking for irreplaceable real estate in the hear t of Pineapple Grove and next to a new 52 car mechanical garage to assist with parking needs in the immediate area,

Investment Overview

This bite-size asset sits between NE 3rd Avenue and Artist Alley next to the iconic 3rd N 3rd Restaurant. This is one of the few pockets left that is about to explode with (2) new restaurant concepts coming in adjacent and across the street from this site. It is also adjacent to the Arts Warehouse which is a large draw to the area with its rotating exhibits and subsidized artist work space. This property is about 1,800 sf and currently fits the office/industrial nature of this area with clean, but dated office space with bull-pen, private office and conference room as well as a large attached industrial space type of garage in the back with alley access. This property is zoned CBD (Central Business District) with a Railway underlay providing the widest array of uses for this property including distillery, office, retail, apartments and more. Speak to Brian Rosen Listing broker for more details on zoning and uses permitted. There no prime commercial properties in this low price-point available in downtown Delray Beach. The warehouses to the north of the Arts Warehouse are for sale for 16.5 million. This area is going to see a lot of great change for the positive in this already established arts corridor and this is an investor's opportunity to get into this sandbox at a lower-price point than anywhere else in this immediate market for a stand alone building.

Exclusively Listed By

Financing By

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