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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1200 E Atlantic Ave , Delray Beach, FL 33483
$8,500,000
Est. Payment: $45,377.66/mo
6703 Sqft
0.23 Acres
Status: active | Days on site: 4
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276622235 - 237522148
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Pedro Casanova, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Pedro Casanova
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House Description

Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
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Highlights

Listed by Christopher Nicotra , 561-716-8090 Apollo Investment & Real Estat , 561-716-8090. REALTOR Association of Greater Miami and the Beach

Property Type

Commercial Sale
Lot/Acreage
0.23

Year Built

1951

County

Palm Beach

Area

4220

Listing ID

A12114966

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Interior Features

Exterior Features

Lot Dimensions:90
Garage Capacity:10
Zoning:CBD
Principal Interest
$45,378
Taxes
$8,965

Home Price

$8,500,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$1,700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$45,377.66

Principal

Taxes

Principal Taxes HOA Total
Monthly $45,377.66 $8,965.42 $0.00 $54,343.07
Yearly $544,531.90 $107,585.00 $0.00 $652,116.90
Total $16,335,956.96 $3,227,550.00 $0.00 $19,563,506.96

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (Delray Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-02T23:12:12.000Z

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