Own the hottest property east of Federal in Palm Beach County! Capitalize on the next 10 years of growth in Delray Beach and don't kick yourself down the road for not writing a check to pickup this portfolio asset today! This is the first time this property has ever been listed for sale, and with all the development happening here, make this your once in a lifetime purchase and set foot in Delray Beach! We are in negotiations, so please move quickly. This 4-Unit Retail Building is a gem located in East Delray. George Bush Blvd is the main thoroughfare for the rich and famous coming to and from east Delray Beach, Ocean Ridge, and Gulfstream with approximately 135' of frontage. One of the tenants has been here since 1998, so rents are way below market with current tenants. We believe rents here would be above the Delray Submarket Retail average of $39.00/SF NNN according to Costar. We believe the one unit with the grease trap could yield $50/SF NNN. Also, a perfect opportunity to have an office/retail at this desirable location with homes in close proximity worth $35+ million. It's a true trophy piece and perfect for an investment banker, attorney, accountant, professional, investor or retailer. There is virtually nothing available east of Federal Highway in Delray Beach. This property has the traffic of high-wealth individuals that have to pass by getting to and from their homes. Just one client can make your entire year. Furthest unit to the west has a grease trap. This property is the former Ely's 50's Diner's first location.
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Retail Space
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