Interior
- Bathrooms
- 0
Active · CommercialSale
$2,400,000
319 NE 3rd Avenue, Delray Beach, FL 33444
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1950
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Site Plan Approved for Restaurant Use Architectural Plans Available Upon Request In Delray's vibrant Pineapple Grove and NE 3rd Ave Arts District Ground Floor 1,832 SF Potential for a Rooftop Bar & Seating 850 SF (Can be covered rooftop) Condition Shell Walking distance to Atlantic Ave dining corridor Purchase outright or NNN lease Affluent Delray Beach market, strong foot traffic LOCATION: One of South Florida's top dining & entertainment markets in Downtown Delray Beach Blocks from Atlantic Ave, Pineapple Grove & within NE 3rd Ave Arts District. Property is located between Segrato Italian Restaurant, Glimmer Cafe & across from a brand new Steakhouse
Property location
Get Directions319 NE 3rd Avenue, Delray Beach, FL 33444
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Facts & features
Exterior & Structure
- Property type
- CommercialSale
- Year built
- 1950
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11168234
- 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
-$4,697
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $11,377/mo
- Down payment
- $600,000
- Loan amount
- $1,800,000
- Annual NOI
- $80,160
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.