401 W Atlantic Avenue R 11, Delray Beach, Florida 33444 (MLS# R10752111)
401 W Atlantic Avenue R 11Delray Beach, Florida FL33444
StatusClosed
Sold Date7/26/2022
Acres
0.100
CountyPalm Beach County
SubdivisionAtlantic Grove
Year Built2004
Property TypeCommercial Sale
Description
Rare opportunity to OWN a commercial property with a fully operating restaurant lease. Earn approx 5% income...3% Increase in a few months. 2+ years remain on lease. Tenant will renew with increases if new landlord wants.Tenant responsible for Insurance, Sales Tax, repairs & mt.
County
Palm Beach County
Price Reduction Date
2022-01-31T15:49:07+00:00
Property Type
Commercial Sale
Subdivision
Atlantic Grove
Year Built
2004
Cooling
Central Air
Flooring
Concrete
Heating
Central
Seating Capacity
20
Stories
3
Lot Features
Central Business District, City Lot
Roof
Composition
Utilities
Electricity Available, Natural Gas Available
Complex Name
Atlantic Grove
MLS Area Major
4460
MLS Area Minor
Palm Beach 4220a, 4230b, 4360a, 4370b
Postal City
Delray Beach
Zoning Description
multi us
Documents Available
Title
Mls Status
Closed
Security Features
Smoke Detector(s)
Association Fee Includes
Insurance, Maintenance Grounds, Maintenance Structure, Trash
Disclosures
Owner Is Listing Agent
Listing Terms
Cash, Conventional, 1031 Exchange
Tax Annual Amount
5310
Tax Year
2020
Tenant Pays
Exterior Electric, Water
Listed by: United Realty Group, Inc
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