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1200 E Atlantic Ave Delray Beach, FL $ 8,500,000
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1200 E Atlantic Ave
$ 8,500,000
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1200 E Atlantic Ave

Delray Beach, FL, 33483
$ 8,500,000
Bedrooms10 Baths10.0 Sq 6,703

Monthly Estimate*

$ 58,707

1200 E Atlantic Ave, Delray Beach, FL 33483 - Image 1

Commercial Property for sale in Delray Beach, FL

for $8,500,000 with 10 bedrooms and 10 full baths. This 6,703 square foot building was built in 1951 on a lot size of 0.229.

Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.

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Commercial Active

Price

$ 8,500,000

Bedrooms

10

Full Bath

10

Property Type

Commercial

Taxes

$ 107,585

Style

Lot Size

0.229

Year Built

1951

Town/City

Delray Beach

County/Region

Palm Beach

MLS | Web ID

A12114966
Features
General
Possession Close Of Escrow
Year Built 1951
Stories Count 2
Levels Two
Property Subtype Mixed Use
Tax Year 2025
County Palm Beach
Net Operating Income 317134
Property Type Commercial Sale
Full Baths 10
Status Active
City Delray Beach
Zoning Description CBD
Number Of Units Total 10
MLS Area 4220
Lot Size Units Square Feet
Lot Size Square Feet 9977
Tax Annual Amount 107585
MLS Area Minor Palm Beach 4220a; 4230b; 4360a; 4370b
Structure Type Retail
Standard Status Active
Occupancy Type Call Agent
Legal Description OCEAN PARK DELRAY S 1/2 OF LT 3 & LTS 4 THRU 6 (LESS N 7 FT ATLANTIC AVE R/W) BLK 2
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Interior
Total Bedrooms 10
Total Baths 0
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Exterior
Total Parking 10
Lot Size Area 9977
Building Area Total 6703
Lot Dimensions 90
Lot Size Acres 0.229
Covered Spaces 0
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* Excluded Features
List By
Apollo Investment & Real Estat

Broker

apollorealestatellc@gmail.com

Email

Affordability Calculator

$67,673
Per Month
87%
13%
0%
Monthly Principal & Interest
$58,707
Monthly Property Taxes
$8,965
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/29/2026$8,500,000 Listed Price

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1200 E Atlantic Ave, Delray Beach, FL, 33483 is a Commercial Property for sale at $8,500,000 with 6,703 sqft and a lot size of 0.229. 1200 E Atlantic Ave has 10 bedrooms, 10.0 baths, and was built in 1951. The property's zip code is 33483 which is in Delray Beach, FL

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