117 Northeast 5th Avenue

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117 Northeast 5th Avenue

Delray Beach, FL 33483
Asking Price
$5.00M
Asset Type
Grocery Store Retail
Class
Class B

What's Special

One Block off Atlantic Avenue-Prime corner free standing commercial <p><span style="color: rgba(0, 0, 0, 1)"> Prime Downtown Delray Beach Location just one block off Atlantic Avenue. Double lot offers redevelopment potential or keep AS IS.</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">MULTI-USE COMMERCIAL PROPERTY WITH 17 SPACE OFF-STREET PARKING AREA IS A FREE STANDING CORNER 2-UNIT BUILDING AT THE NE INTERSECTION OF NE 5TH AVE & NE 1ST ST IN DOWTOWN DELRAY BEACH. UNIT A (TENANT OCCUPIED) HAS 3366 SQ FT PLUS A LOFT AREA OF 1033 SQ FT. CONSISTING OF

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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.46%
Monthly Payment
$24,737.272
Annual Cash Flow
$-216,847.263

Location & Travel Times