297 NE 6th Avenue

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297 NE 6th Avenue

Delray Beach, FL 33483
Asking Price
$4.50M
Asset Type
Retail
Class
Class B

What's Special

297 NE 6th Avenue is located in the heart of Delray Beach, Florida, situated just two blocks north of the vibrant Atlantic Avenue commercial corridor. The surrounding neighborhood is characterized by a mix of historic architecture and modern luxury developments, offering high foot traffic and strong visibility. The property is within walking distance of numerous upscale dining establishments, boutiques, and the Pineapple Grove Arts District. Access to the site is convenient via Federal Highway (US-1), and it is positioned approximately two miles east of Interstate 95, serving both local residents and regional visitors. This retail asset is well-suited for high-end boutiques, specialty showrooms, or professional service firms seeking a storefront presence. The location favors tenants that cater to a sophisticated demographic, such as luxury lifestyle brands, interior design studios, or curated art galleries. Given the proximity to dense residential pockets and the downtown core, the space also suits neighborhood-oriented service providers or small-scale fitness concepts. The property offers a strategic environment for businesses looking to capitalize on Delray Beach’s established reputation as a premier shopping and leisure destination.

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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