Downtown Delray Office Condo

Properties for Sale

Downtown Delray Office Condo

Address

175 SE 1st Ave
Delray Beach, FL

(View Map)

Property Type: Office
Price: $749,000
Listing Status: Active

Contact Info

Gary Broidis
Direct: 561-447-8610
gary@atlanticcg.com

Flyer

Description

This modern, beautifully built-out, ground floor office is in the heart of Downtown Delray Beach and only two blocks south of Atlantic Avenue.  This 4-year old office condominium offers any buyer the opportunity to purchase a highly desirable office for their own use or to be used as a rental property. The current owner is a very well-known consultant to building owners and developers and spared no expense in the architectural details, cabinetry and finishes throughout the office.  The office contains 980 square feet with open-air ceiling with modern ductwork and laminate wood floors.  Additionally, there is a 4-person conference room along with a kitchen and a private bathroom. The office also includes built-in work-stations for 6 people and a high top counter and chairs for informal meetings and additional seating.

Location

This property is located just one block south of Atlantic Avenue on SE 1st Avenue and one block of east of Swinton Avenue in the highly desirable downtown Delray Beach market. Dozens of restaurants, bars, cafes and coffee shops are steps away on the Avenue providing the ability for all office personnel to walk for lunch meetings, dinner and happy hours with clients, colleagues and friends.

Additional Information Site Highlights
Building Size: Approx. 980 SF
Min. Divisible Space: Approx. 980 SF
Max. Contiguous Space: Approx. 980 SF
Total SF Available: Approx. 980 SF
Year Built: 2016
Investment Cap Rate: 33483
  • Recently built-out office condominium in classically modern industrial style
  • Open-office architectural studio with large, separated workstations
  • Corner and street visibility with floor to ceiling windows plus 2 level privacy and shading
  • Energy efficient A/C and engineered air distribution for quiet comfort
  • Hand-built custom wood partitions with new (May 2020) glass dividers
  • Below-market expenses (HOA, Taxes, Insurance)
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