1200 E Atlantic Avenue

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1200 E Atlantic Avenue

Delray Beach, FL 33483
Asking Price
$8.50M
Asset Type
Retail
Class
Class B

What's Special

1200 E Atlantic Avenue is located at the eastern end of the prominent Atlantic Avenue corridor in Delray Beach, Florida. The surrounding neighborhood is characterized by high foot traffic, upscale boutiques, and a high density of dining establishments. The property is situated within walking distance of the municipal beach and is surrounded by luxury residential developments and hotels, including the Seagate Hotel & Spa. Accessibility is provided via Federal Highway to the west and A1A to the east, with various public parking options available in the immediate vicinity. The property is suited for high-end retail brands, specialty boutiques, or premium service providers seeking visibility in a luxury coastal market. Given the demographics of the area, typical tenants include international fashion retailers, art galleries, and upscale lifestyle brands. The street-front presence and heavy pedestrian activity cater to businesses prioritized by consumer browsing and destination shopping. The asset’s proximity to established local landmarks supports a tenant profile focused on tourism and affluent permanent residents.

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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.65%
Monthly Payment
$42,053.362
Annual Cash Flow
$-424,640.347

Location & Travel Times