1200 E Atlantic Avenue, Delray Beach, FL 33483 (MLS# A12114966)

1200 E Atlantic Avenue, Delray Beach, FL 33483

New Listing

$8,500,000

Property Type: Commercial Sale Square Footage: 6,703 Status: Active

Current Price: $8,500,000 List Date: 10/29/2026 Last Modified: 10/29/2026

Overview

Description

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.

Listing Details MLS# A12114966

General Property Information

Property Sub Type: Mixed Use
Occupant Type: Call Listing Agent
Building Area Main: 6703
Year Built: 1951
Parking Total: 10
Lot Size Area: 9977
Lot Size Acres: 0.23

Property Features

Business Type: Retail Location of Property: Central Business District; City Location Possession: Close Of Escrow Sale Includes: Building; Land Structure Type: Retail Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 8500000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1200
Street Direction Prefix: E
Street Name: Atlantic
Street Suffix: Avenue
City Name: Delray Beach
Municipal Code: 12
State Or Province: FL
Postal Code: 33483
Area: 4140
Geographic Area: PB06
Parcel Number: 12434616280020032
Subdivision Number: 28
Zoning: CBD

Financial Information

Tax Annual Amount: 107585
Tax Year: 2025
Tax 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

Status Change Information

Major Change Timestamp: 2026-10-29T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-29

More Information

Building and Property Details

Improvement Height: 2 Stories

Income and Expenses

Net Operating Income: 317134

Price Calculations

Current Price To SqFt: 1268.08

Section Details

Parcel Number MLX: 0032

Originating Details

Originating System Key: 568997984
Originating System ID: M00000151

Listing Office: Apollo Investment & Real Estat

Last Updated: October - 29 - 2026

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