255 George Bush Blvd - Medical FOR SALE


Delray Beach, FL 33444- Outer Delray Beach
$2,500,000 USD
954-377-0474
255 George Bush Blvd, Delray Beach, FL for Sale
$2,500,000 USD
Medical - FOR SALE
1/10
null | Request Cap Rate

255 George Bush Blvd
Delray Beach, FL 33444
Outer Delray Beach


HIGHLIGHTS

  • Situated in a high-demand downtown submarket
  • 60% occupied by a medical tenant providing lease-up or owner-occupant opportunity
  • Ideal candidate for future mixed-use or office redevelopment

OVERVIEW

Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is pleased to present the opportunity to acquire 255 George Bush Blvd at an offering price of $2,500,000. The Property consists of a 2,696 SF medical office building ideally located in the heart of Delray Beach. Strategically positioned along George Bush Boulevard, approximately one mile north of Atlantic Avenue and just west of Federal Highway, the Property benefits from excellent visibility, convenient access, and close proximity to Delray Beach’s premier retail and dining corridor. The site offers 24 parking spaces, providing an attractive parking ratio of 8.9/1,000 SF. Currently, the building is 60% leased to a single tenant occupying 1,616 SF, offering stable in-place income while presenting a value-add opportunity through lease-up of the remaining 1,080 SF vacancy. Additionally, the asset offers long-term upside through potential redevelopment upon tenant rollover, enhancing its appeal as both a cash-flowing investment and a strategic repositioning opportunity.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,430 SF

ZONING

RO, Delray Beach

APN/PARCEL ID

12-43-46-09-28-012-0271

ASK ABOUT THIS PROPERTY

Scott O'DonnellCushman & WakefieldMore Info
954-377-0474

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Scott O'DonnellCushman & WakefieldMore Info
954-377-0474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.