367 NE 3rd Ave - Freestanding FOR SALE


Delray Beach, FL 33444- Downtown Delray Beach
$2,400,000 USD
410-570-2380
367 NE 3rd Ave, Delray Beach, FL for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

367 NE 3rd Ave
Delray Beach, FL 33444
Downtown Delray Beach


HIGHLIGHTS

  • Prime Commercial property in the Arts District of rapidly developing Downtown Delray Beach, just steps from Atlantic Avenue.
  • It's location makes it highly desirable, ensuring strong appeal to both residents and businesses, perfectly positioned to maximize returns.
  • Atlantic Avenue is in the heart of Delray Beach, known for its vibrant and thriving dining, shopping, and entertainment scene.
  • This property is an exceptional opportunity for re-development, offering endless possibilities for retail, residential, office, or multi-family use.
  • This location is ideal for a mixed use property, featuring luxury residences with retail or office space below, & endless opportunity for high returns
  • A lucrative investment in one of South Florida's most vibrant markets!

OVERVIEW

Prime Opportunity in Delray Beach’s Arts District! Located just steps from Atlantic Ave and minutes from the beach, this 1,600 sf freestanding building presents a rare chance for transformation. Zoned CBD-RC, the property offers flexible potential, retail, restaurant, office, or mixed-use, and plans for a second story are included in the sale, unlocking even greater upside. Situated in a vibrant neighborhood of galleries, boutiques, luxury apartments, hotels, and cultural venues, this space benefits from high foot traffic, high visibility, and creative energy. Whether you're a restaurateur, investor, or developer, you'll appreciate its central location, lot efficiency, and redevelopment potential. Opportunities in this pocket of Delray's Art District do not come around often. Prime Arts District opportunity just steps from Atlantic Ave and minutes to the beach. Freestanding 1,600 sf building on CBD-RC zoning offering excellent redevelopment potential. Seller has plans for a second-story addition included in the sale. Ideal for retail, restaurant, office, or mixed-use concepts. High-visibility location surrounded by new development and strong foot traffic. Property is being sold AS-IS. Do not disturb occupants. Showings by appointment only, contact listing agent for access and additional documentation. Perfect for investors, developers, or end-users seeking a boutique Delray Beach footprint.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redevelopment Opp-Retail-Restaurant-Multi-Fam

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CBD-RC

APN/PARCEL ID

12-43-46-16-01-089-0100

ASK ABOUT THIS PROPERTY

Alex SepkowskiBetter Homes & GardensMore Info
410-570-2380

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Alex SepkowskiBetter Homes & GardensMore Info
410-570-2380

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