Interior
- Bathrooms
- 0
Active · MixedUse
$15,000,000
217 E Atlantic Avenue, Delray Beach, FL 33444
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 2008
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Prime downtown Delray Beach building directly on Atlantic Avenue. This 3-story, mixed-use property offers versatile space for restaurant, bar, nightclub, retail, or office operations.Features include a full bar, interior and ext. elevator access all levels, and an approved outdoor seating area. Located on high-traffic Atlantic Avenue with excellent visibility, parking, and nearby retail and dining. Ideal for restaurateurs, event operators, or investors seeking a venue in a vibrant, walkable location. Immediate availability. 1st-floor dining seats 250 w/ a full bar and approved outdoor seating. 2nd floor nightclub accommodates 123 w/ full bar service, while the 3rd floor offers a 150-seat restaurant w/ bar and kitchen. Includes 11 on-site parking spaces plus street. Also avail for lease!
Property location
Get Directions217 E Atlantic Avenue, Delray Beach, FL 33444
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 2008
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11118100
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$29,358
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $71,108/mo
- Down payment
- $3,750,000
- Loan amount
- $11,250,000
- Annual NOI
- $501,000
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.