Active

1200 E Atlantic Avenue

Delray Beach FL, 33483

$7,500,000


Active

Commercial

Built in 1951

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.

R10902241

MLS ID

July 6, 2023

Listed

April 12, 2024

Updated

Map

1200 E Atlantic Avenue
Delray Beach FL, 33483

Interior Features

Total Stories

2


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.22 Acres


Roof

Other


Sewer

Public Sewer

Other Property Details

Area Name

4140


Taxes

$70,020


Tax Frequency

Annually


Days on Market

279


Garage

No


View

No


County

Palm Beach County


Water Source

Public


Pool

No


Buyer Agency Compensation

4%

Listing History

Date

Event

Price

4/10/2024

Price Change

$7,500,000

-12%

7/27/2023

Price Change

$8,500,000

-9%

Listed by Christopher Nicotra, Robert Guntmacher with Ocean Delray Real Estate
Listing Contact: (203) 996-0651 

All listings featuring the BMLS logo are provided by Association of Palm Beaches. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by MLS.

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Data last updated 7:42 PM UTC, 4/12/2024

 

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