117 Northeast 5th Avenue

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117 Northeast 5th Avenue

Delray Beach, FL 33483
Asking Price
$5.00M
Asset Type
Office
Class
Class B

What's Special

117 Northeast 5th Avenue is situated in the heart of Delray Beach, Florida, just blocks from the vibrant Atlantic Avenue commercial corridor. The surrounding neighborhood is characterized by a mix of historic architecture, upscale retail boutiques, and diverse dining options. The property benefits from its proximity to luxury residential developments and high-foot-traffic coastal amenities. Regional accessibility is provided via nearby Federal Highway (US-1), with convenient connections to Interstate 95 and the Brightline West Palm Beach and Boca Raton stations. The property is suited for boutique professional services, such as private equity firms, legal practices, or creative agencies seeking a high-visibility suburban office environment. Typical tenants include local businesses and regional satellite offices that prioritize walkability and proximity to executive housing. The layout offers functional space for administrative operations or client-facing consulting. This location caters to firms looking for a professional presence within a dynamic, amenity-rich downtown district.

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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

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