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Active mixeduse SALE

1200 E Atlantic Avenue, Delray Beach, Florida 33483

Delray Beach, FL 33483

$8,500,000
Property Details
MLS# A12114966
Type Mixeduse
Year Built 1951
Tax Amount $107,585

Property Description

Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
Amenities
Built 1951
Payment Calculator
$0.00 per month
30 Year Fixed, 6.59% Interest
Principal & Interest
$0.00
Property Tax
$0.00
Mortgage Insurance
$0.00
HOA
$0.00
Home Owners Insurance
$0.00
Property Location
Listing Office: Apollo Investment & Real Estat
Attribution Contact: 561-716-8090
Listing Agent: Christopher Nicotra

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Updated: 10/29/2026 7:27 PM

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