112 SE 10th Street

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112 SE 10th Street

Delray Beach, FL 33483
Asking Price
$2.29M
Asset Type
Office
Class
Class B

What's Special

112 SE 10th Street is located in the heart of Delray Beach, Florida, situated just blocks south of the vibrant Atlantic Avenue commercial corridor. The surrounding neighborhood features a mix of professional offices, upscale residential developments, and boutique retail. The property offers proximity to numerous dining options, banks, and local amenities within walking distance. Positioned east of Federal Highway, the site provides straightforward access to I-95 and is located approximately 20 miles from Palm Beach International Airport. This office asset is well-suited for professional services firms, including legal practices, financial advisors, or creative agencies seeking a presence in a coastal business district. The location cater to established local businesses or satellite offices for firms requiring proximity to the downtown core without the density of the main thoroughfare. The property layout typically supports private executive suites or collaborative workspaces for corporate tenants valuing accessibility and a walkable professional environment.

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NOI
$80,000
Cap Rate
3.49%
DSCR
0.59
Underwater
Cash-on-Cash
-8.14%
Monthly Payment
$11,329.671
Annual Cash Flow
$-55,956.046

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