Bought with JSM Realty Services, Inc.
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401 W Atlantic AVE R 11 Delray Beach, FL 33444
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Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Restaurant/Entertainment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $681
Subdivision Atlantic Grove
MLS Listing ID RX-10752111
Sold Date 07/26/22
Construction Status New Construction
Abv Grd Liv Area 6
Year Built 2004
Annual Tax Amount $5,309
Tax Year 2020
Lot Size 4,356 Sqft
Property 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.
Location
State FL
County Palm Beach
Area 4460
Zoning multi use
Interior
Heating Central
Cooling Central
Flooring Concrete
Fireplaces Type Smoke Detector
Exterior
Garage Spaces 383.0
Utilities Available Electric, Gas Natural, Separate Meter
Waterfront No
Waterfront Description None
Roof Type Comp Rolled
Building
Story 100.00
Construction Status New Construction
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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