Interior
- Bathrooms
- 0
Active · MixedUse
$4,495,000
124 NE 5th Avenue, Delray Beach, FL 33483
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 2018
- Lot size
- 13,695 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
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.
Property location
Get Directions124 NE 5th Avenue, Delray Beach, FL 33483
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 2018
- Lot size
- 13,695 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- B26004744
- 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
-$8,797
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $21,309/mo
- Down payment
- $1,123,750
- Loan amount
- $3,371,250
- Annual NOI
- $150,138
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.