Marcus & Millichap is pleased to present the restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment
property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a
restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at
below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue.
The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental
structure and the ability to liquidate 4COP to bring the basis down of the overall investment.
Don't hesitate to contact brian.rosen@marcusmillichap.com to register and secure the financial and lease information and details.