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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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124 NE 5th Ave , Delray Beach, FL 33483
$4,495,000
Est. Payment: $9,988.89/mo
0 Bed
0 Bath
6364 Sqft
Status: Active | Days on site: 182
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FLL988061 - FLL273008131,FLL90619094
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , 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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House 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.
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Highlights

Listed by Ellison Dobbs , 314-556-4437 and Jeffrey A. Cloninger , 561-329-8749 Sotheby's Intl. Realty, Inc. , 561-659-3555.

Property Type

Commercial Sale
Lot/Acreage
0.31

Year Built

2018

County

Palm Beach

Area

4360

Listing ID

B26004744

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Central Air,Zoned
Fireplaces:
Floor:Tile
Water:Public

Exterior Features

Garage Capacity:15
Zoning:CBD (city)
Roof:Flat,Tile
Others:
  • ▪ Additional:Balcony
Sewer:Not Connected (at lot),Public Sewer,Other
Parking Features:Accessible Parking
Principal Interest
$9,989
Taxes
$5,121

Home Price

$4,495,000

Loan Details

30 yrs
%

Down Payment

20%
$899,000
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:
$9,988.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,988.89 $5,120.75 $0.00 $15,109.64
Yearly $119,866.67 $61,449.00 $0.00 $181,315.67
Total $3,596,000.00 $1,843,470.00 $0.00 $5,439,470.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.