$8,500,000

1200 E Atlantic, Delray Beach FL, 33483

Price per sqftN/A

Built in1951

Property typeCommercial

Courtesy of Christopher Nicotra with Apollo Investment & Real Estat

Overview

Active

Listed Oct 29, 2026

Updated 26h ago

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.

Additional information

MLS^® ID: A12114966

Interior Features

Basement: No

Exterior Features

Lot Size: 0.23 Acres

Other Property Details

Taxes: $107,585
Tax Frequency: Annually

Courtesy of Apollo Investment & Real Estat, Christopher Nicotra,
Listing Contact: 561-716-8090

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 10/30/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 4:57 AM UTC, 10/30/2026