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401 W Atlantic Avenue , R 11

Delray Beach, FL 33444
  • $900,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: RX-10752111
UPDATED: 35 min ago
$900,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,100
    SQFT
  • $818
    $/SQFT
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Description

Rare opportunity to OWN a commercial property with a fully operating restaurant lease. Earn approx 5% income...Annual increases of 4% every year. 3+ years remain on lease. Tenant will renew with increases if new landlord wants.Tenant responsible for Insurance, Sales Tax, repairs & mt.

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www.bestbrowardrealestate.com/homes/122397625
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401 W Atlantic Avenue , R 11 Delray Beach, FL 33444

  • Price: $900,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 35 min ago
  • MLS #: RX-10752111
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1,100
SQFT
$818
$/SQFT
2004
Built
County:
Palm Beach
Area:
Delray Beach
Property Description
Rare opportunity to OWN a commercial property with a fully operating restaurant lease. Earn approx 5% income...Annual increases of 4% every year. 3+ years remain on lease. Tenant will renew with increases if new landlord wants.Tenant responsible for Insurance, Sales Tax, repairs & mt.
Exterior Features

Roof Comp Rolled Waterfront Description None Waterfront YN No

Interior Features

Bath Toilets 1.00 Ceiling InsulatedSuspended Cooling Central Flooring Concrete Heating Central Miscellaneous1 Landscaped Miscellaneous2 Private Restroom Percent Air Conditioned 100.00 Seating Capacity 20

Property Features

Ann Assoc Condo Dues 383.00 Auction No Available Docs Previous Title Available Info By-Laws & DocsCopies Of Lease Built Desc New Construction Fire Protection Smoke Detector For Lease No For Sale Yes Lease 4-6 Years List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Central Business DstCity Maintenance Fee Includes Grounds/ PlantsInsurance-BldgMaintenance-ExteriorTrash Removal Possession At Closing Sale Includes Building Only Tax Amount Real Estate Taxes 5309.95 Tax Year 2020 Tenant Pays ElectricInsuranceRepairsWater Terms Considered CashConventionalExchange Type Of Building CommercialCommercial CondoIncomeRestaurant Use IncomeMixedOther Utilities ElectricGas NaturalSeparate Meter Zoning Multi Use

Listing provided courtesy of United Realty Group, Inc. Listing information © 2021 BeachesMLS
 
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The Teri Arbogast Team at Keller Williams Partners SW
2000 NW 150th Ave Suite 1100
Pembroke Pines FL, 33028