166 SE 2nd Ave

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166 SE 2nd Ave

Delray Beach, FL 33444
Asking Price
$6.15M
Asset Type
Office
Class
Class B

What's Special

166 SE 2nd Avenue is located in the heart of downtown Delray Beach, situated just two blocks south of Atlantic Avenue. The surrounding neighborhood is characterized by a blend of historic charm and modern urban development, offering high walkability to numerous restaurants, retail boutiques, and luxury hotels. The property is positioned within the central business district, providing convenient proximity to the beach and local government offices. Regional transportation access is supported by nearby major thoroughfares, including Federal Highway and Interstate 95, which connect the site to both West Palm Beach and Fort Lauderdale. The property is well-suited for professional service firms, boutique creative agencies, or private family offices seeking a presence in a high-density coastal market. Typical tenants for an office asset in this area include legal practices, financial advisors, real estate investment firms, and technology startups drawn to the district's amenity-rich environment. The location offers an ideal setting for businesses that prioritize employee retention and client entertainment, benefiting from the foot traffic and vibrant atmosphere of the Pineapple Grove and Atlantic Avenue corridors.

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NOI
$80,000
Cap Rate
1.30%
DSCR
0.22
Underwater
Cash-on-Cash
-15.45%
Monthly Payment
$30,426.844
Annual Cash Flow
$-285,122.133

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