124 NE 5th AVE, Delray Beach, FL 33483
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$4,990,000
Est. payment /mo
6,364 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,364 sqft

Price per Sqft $784

MLS Listing ID B26004744

HOA Y/N No

Year Built 2018

Annual Tax Amount $61,449

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Mixed Use

Property Description

124 NE 5th Ave offers a rare opportunity to acquire a free-standing commercial property in the CBD of Delray Beach. Built in 2018, this Art Deco-inspired building totals 6,364 SF, including 2,336 SF of unfinished second-floor space for expansion or income potential. Features include a full commercial kitchen, café/soda fountain layout, and a new commercial elevator. Situated on 0.31 acres with 15 parking spaces and a backup generator. Located one block from Atlantic Avenue, offering strong visibility and walkability. CBD zoning allows for diverse commercial uses. Existing business will relocate upon sale.

Location

State FL

County Palm Beach

Area 4360

Direction Take I-95 to Exit 52 (Atlantic Ave / FL-806) toward Delray Beach. After exiting, head east on Atlantic Avenue toward downtown. Continue on Atlantic Ave for about 1.2 miles. Turn left onto NE 5th Ave. Go one block north. 124 NE 5th Ave will be on the

Interior

Heating Central

Cooling Central Air, Zoned

Flooring Tile

Exterior

Exterior Feature Balcony, None

Utilities Available Electricity Available, Water Available, Sewer Available

Roof Type Flat,Tile

Total Parking Spaces 15

Private Pool Yes

Building

Story 1

Foundation Slab

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories Two, One

Structure Type Block,Stucco

Others

Senior Community No

Restrictions Zoning Restrictions

Tax ID 12434616010990180

Security Features Security System,Fire Alarm,Security SystemOwned,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/124-NE-5th-Avenue-Delray-Beach-FL/unbranded


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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Sotheby's Intl. Realty, Inc.
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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124 NE 5th AVE