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Pinnacle Real Estate Group – FL

124 NE 5th Avenue, Delray Beach, FL (MLS# B26004744)

124 NE 5th Avenue, Delray Beach, FL

$4,495,000
Property Type: Commercial Sale Square Footage: 6,364 Status: Active
Current Price: $4,495,000 List Date: 3/20/2026 Last Modified: 9/21/2026

Overview

Description

124 NE 5th Ave offers a rare opportunity to acquire a free-standing commercial property in the CBD of Delray Beach. Built in 2018, this Art Deco-inspired building totals 6,364 SF, including 2,336 SF of unfinished second-floor space for expansion or income potential. Features include a full commercial kitchen, café/soda fountain layout, and a new commercial elevator. Situated on 0.31 acres with 15 parking spaces and a backup generator. Located one block from Atlantic Avenue, offering strong visibility and walkability. CBD zoning allows for diverse commercial uses. Existing business will relocate upon sale.

Listing Details MLS# B26004744

General Property Information

Number Of Buildings
Yes
Property Sub Type
Mixed Use
Occupant Type
Owner
Building Area Main
6364
Building Area Source
Appraiser
Year Built
2018
Parking Total
15
Lot Size Area
13695
Lot Size Acres
0.31
Accessibility Features YN
Yes
Stories Total
Yes
Stories
2

Property Features

Building Features: Balconies; Elevator(s); Rear Access Ceiling: Other Column Span: Unknown Documents Available: Aerial Photo(s) Electric: 200+ Amp Service Fencing: None Flooring: Tile Foundation Details: Slab Heating: Central Location of Property: Central Business District; City Location Parking Features: Accessible Parking Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Sprinkler Description: None Zoning Information: Use Conforms To Zoning Construction Materials: CBS; Concrete Block - With Stucco; Stucco Cooling: Central Air; Zoned Listing Terms: Cash; Conventional Lot Features: Landscaped; Sidewalks Other Equipment: Negotiable Road Frontage Type: City Street; East of US-1 Traffic Type: Auto; Pedestrian; Heavy Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Flat Security Features: Fire Alarm; Fire Sprinkler System; Security System Owned; Smoke Detector(s) Sewer: Public Sewer Structure Type: Mixed Use Utilities: Electricity Connected; Sewer Available; Water Available Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
4990000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
124
Street Direction Prefix
NE
Street Name
5th
Street Suffix
Avenue
Municipality Type
Incorporated
Municipal Code
12
State Or Province
FL
Postal Code
33483
Postal Code +4
5429
Area
4360
Geographic Area
PB06
Parcel Number
12434616010990180
Subdivision Number
Yes
Zoning
CBD (city)
Flood Zone
X
Directions
Take I-95 to Exit 52 (Atlantic Ave / FL-806) toward Delray Beach. After exiting, head east on Atlantic Avenue toward downtown. Continue on Atlantic Ave for about 1.2 miles. Turn left onto NE 5th Ave. Go one block north. 124 NE 5th Ave will be on the
Building Name
Delray Shores Pharmacy
Property Description
COMMERCIAL, MIXED USE

Financial Information

Tax Annual Amount
61449.45
Tax Year
2025
Tax Assessed/SOH Value
3043301
Tax Legal Description
TOWN OF DELRAY N 109.4 FT OF S 292.2 FT OF E 1/2 /LESS RD R/W/ OF BLK 99
Assessor Market Value
3043301

Status Change Information

Major Change Timestamp
2026-08-10T15:30:51Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-08-10T15:30:51Z
Status Change Date
2026-03-20

More Information

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Price Calculations

Current Price To SqFt
784.09

Originating Details

Originating System Key
20260312181040535997000000
Originating System ID
M00000170
IDX
Listing Office: Sotheby's Intl. Realty, Inc.
Last Updated: September - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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