502-506 E Atlantic Avenue, Delray Beach, FL 33483
$6,250,000
Property Type:
Commercial Lease
Baths:
4
Square Footage:
11,638
Status:
Closed
Current Price:
$6,250,000
Last Modified:
11/13/2018
Description
Landmark Building in Downtown Delray Beach, Florida, Complete Renovation in 2013, First Floor Tenants – Starbucks Coffee, Delicatessen, Retail Shopping, Second Floor Tenants - Executive Office Suites, Virtual Offices, Conference Center, Located in the Center of New Development on Atlantic Avenue between the new iPic Entertainment Luxury Movie Theater and the new Atlantic Crossings Development
More Information MLS# RX-10061612
Contract Information
List Price/Bldg SqFt: 558.08
Status: Closed
Original List Price: 6695000
Sold Price: $6,250,000
Current Price: $6,250,000
Listing Date: 2014-08-02
General Property Description
For Sale: Yes
For Lease: Yes
Property Desc: Starbucks, Retail
Acres: 0.16
Waterfront: No
SqFt Source: Appraisal
# of Stories: 2
Total Units: 4
% Air Conditioned: 100
Subdivision: Downtown Delray Beach
Atlantic Avenue and US1
Year Built: 2013
SqFt - Living: 11638
Baths - Total: 4
Location, Tax & Legal
Geo Area: PB06
State/Province: FL
Tax Year: 2013
Zoning: CENTRAL BUSINES
Real Estate Taxes: 51807.04
Multiple Ofrs Acptd: Yes
Area: 4360
County: Palm Beach
Parcel ID: 12434616g60000010
Street #: 502-506
Street Dir: E
Street Name: Atlantic
Street Suffix: Avenue
Zip Code: 33483
Legal Desc: ANTIQUE EXPERIENCE LT 1
Geo Lat: 26.461438
Geo Lon: -80.067821
Remarks & Misc
Directions: Southeast Corner of Atlantic Avenue and NE 5th Ave (US1)
Office/Member Info
DXORIGMLNO: RX-10061612
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Cash
Sold Price/Bldg SqFt: 537.03
Under Contract Date: 2015-04-27
Sold Date: 2015-04-27
Sold Price: $6,250,000
Location
Beach Area: 1
Central Business Dst: 1
City: 1
Type of Building
Free Standing: 1
Income: 1
Mall Enclosed: 1
Office Space: 1
Office/Professional: 1
Office/Retail: 1
Restaurant: 1
Retail: 1
Sale Includes
Building and Land: 1
Equipment: 1
Fixtures: 1
Furniture: 1
Signs: 1
Avail Info
Books & Records: 1
Copies of Lease: 1
Full Financials: 1
Investment Analysis: 1
Owner managed: 1
Photos: 1
Construction
CBS: 1
Avail Docs
Abstract: 1
Special Info
Corporate Owned: 1
Cooling
Central Individual: 1
Electric: 1
Zoned: 1
Heating
Central Individual: 1
Electric: 1
Zoned: 1
Tenant Pays
Cable: 1
Common Area Maint.: 1
Electric: 1
Insurance: 1
Miscellaneous 1
Coffee shop: 1
Computer Wired: 1
Elevator: 1
Lounge: 1
Use
Mixed: 1
Professional Office: 1
Retail: 1
Miscellaneous 2
Meeting Room: 1
Office: 1
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Reception Area: 1
Restaurant: 1
Traffic Heavy: 1
Flooring
Carpet: 1
Concrete: 1
Tile: 1
Wood Floor: 1
Utilities
Municipal Water: 1
Separate Meter: 1
Fire Protect
Smoke Alarm: 1
Sprinkler: 1
Security
Fence: 1
Lobby: 1
Roof
Aluminum: 1
Barrel: 1
Metal: 1
Maintenance Fee Incl
Insurance-Bldg: 1
Janitor: 1
Maintenance-Exterior: 1
Management Fees: 1
Trash Removal: 1
Terms Considered
Cash: 1
Exchange: 1
Possession
At Closing: 1
Lease
Annual: 1
Long Term: 1
Triple Net: 1
Property Features
Use: Mixed; Professional Office; Retail
Type of Building: Free Standing; Income; Mall Enclosed; Office Space; Office/Professional; Office/Retail; Restaurant; Retail
Construction: CBS
Location: Beach Area; Central Business Dst
Sale Includes: Building and Land; Equipment; Fixtures; Furniture; Signs
Avail Docs: Abstract
Avail Info: Books & Records; Copies of Lease; Full Financials; Investment Analysis; Owner managed
Miscellaneous 1: Coffee shop; Computer Wired; Elevator; Lounge
Miscellaneous 2: Meeting Room; Office; Private Restroom; Public Restroom; Rear Access; Reception Area; Restaurant; Traffic Heavy
Flooring: Carpet; Concrete; Tile; Wood Floor
Cooling: Central Individual; Electric; Zoned
Heating: Central Individual; Electric; Zoned
Fire Protect: Smoke Alarm; Sprinkler
Special Info: Corporate Owned
Tenant Pays: Cable; Common Area Maint.; Electric; Insurance
Utilities: Municipal Water; Separate Meter
Security: Fence; Lobby
Maintenance Fee Incl: Insurance-Bldg; Janitor; Maintenance-Exterior; Management Fees; Trash Removal
Roof: Aluminum; Barrel; Metal
Terms Considered: Cash; Exchange
Lease: Annual; Long Term; Triple Net
Possession: At Closing
12 Page Brochure ›
Listing Office:
Nestler Poletto Sotheby's International Realty
Last Updated: November - 13 - 2018
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