1405 N Federal Highway, Delray Beach, FL 33483

$2,200,000
Lease
Type: Retail,Strip Store Sq Ft: 1,750 Lot Size: 0.82 Acres
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Property Details for 1405 N Federal Highway, Delray Beach, FL 33483

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Property Overview

This property is being sold with income in place. There is a very successful Yoga Studio (Fox Yoga) that includes an Ashram behind the facility which the tenant maintains as well as all landscaping. The sale also includes a Residential/Office space, an efficiency, and two other residential units on a separate parcel that is included. All of the leases are month to month and the property currently has a gross income of over $121,000 a year. This will provide a future developer the ability to carry the property with positive cash flow while working on leasing and any site plan approval processes for future development. The current owner has preliminary approval on 9 townhomes as one of many possibledevelopment plays for this property and is willing to hold paper for the right Buyer at 4.5%
Courtesy Of Atlantic One Realty Group, LLC

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Building Units: 3
  • Cooling System: Central A/C
  • Floor Covering: Tile
  • Floors: 1.0
  • Legal Description: LA HACIENDA DELRAY LT 1 (LESS S 75 FT & WLY 21.51 FT & RTN CRV AREA N FED HWY R/WS), LT 2 (LESS S 75 FT), LTS 3 & 4 BL
  • Lot Size: 35719.2
  • MLSID: RX-10338668
  • Roof Type: Unknown

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Demographic Data for Delray Beach, FL 33483

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HOUSEHOLD INCOME
$124K
MEDIAN AGE
55
OWNER OCCUPIED DWELLINGS
4,957
VACANT DWELLINGS
2,689
HOUSEHOLDS WITH CHILDREN
761
ETHNIC BACKGROUND
POPULATION
13,463
Population per Square Mile
3,427.8
Population Change Since 2000
4%
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CENTURY 21 Office CENTURY 21 Tenace Realty
1835 North University Drive
Coral Springs, FL 33071
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Additional Comments
The Retail,Strip Store property located at 1405 N Federal Highway, Delray Beach, FL 33483 is currently for lease. 1405 N Federal Highway, Delray Beach is listed for $2,200,000. This property has approximately 1,750 Sq. Ft. , and Lot Size of approximately 0.82 Acres. If the property located at 1405 N Federal Highway, Delray Beach, FL isn't what you're looking for, search Florida commercial real estate to see other properties for sale or lease in Delray Beach.