504 E Atlantic Avenue, Delray Beach, FL 33483

$3,955,000

Property Type: Commercial Sale Square Footage: 2,902 Status: Active

Current Price: $3,955,000 List Date: 11/12/2025 Last Modified: 4/23/2026

Overview

Description

Incredible restaurant-anchored mixed-use property located at 504 E Atlantic Avenue in Delray Beach, Florida. This investment property allows an investor to secure a free-standing building with built-in upside, including three units in the center of Downtown Delray Beach. This asset boasts a restaurant use on the ground floor below at a market rent, providing future upside. Moreover, the second floor currently operates as two office spaces that are leased at below-market rents as well. This property sits in a strong location at the intersection of Federal Highway and Atlantic Avenue. The property is being sold stabilized with value-add opportunities surrounding the second floor and through future repositioning of the restaurant with a higher rental structure and the ability to

Supplements: liquidate 4COP to bring the basis down of the overall investment.

Listing Details MLS# R11140139

General Property Information

Property Sub Type: Mixed Use
Number Of Units Total: 3
Building Area Main: 2902
Building Area Source: Public Records
Year Built: 1935
Lot Size Area: 3049.2
Lot Size Acres: 0.07
Stories: 2

Property Features

Building Features: Free Standing Business Type: Commercial Electric: Separate Meters Flooring: Other Heating: Central Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land Tenant Pays: Common Area Maintenance; Electricity; Insurance; Maintenance; Water Cooling: Central Air Listing Terms: Cash; Conventional Roof: Other Security Features: Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available; Natural Gas Available Water Source: Public Showing Requirements: Appointment Only

Contract Information

Comp Sale YN: No
Original List Price: 3955000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 504
Street Direction Prefix: E
Street Name: Atlantic
Street Suffix: Avenue
City Name: Delray Beach
State Or Province: FL
Postal Code: 33483
Area: 4230
Geographic Area: PB06
Parcel Number: 12434616g60000020
Zoning: CBD(ci
Directions: Atlantic Avenue to SE 5th Ave. Head South on SE 5th Ave. Building will be on the left and is known also as 19 SE 5th Ave.
Property Description: 19-23 SE 5th Avenue

Financial Information

Tax Annual Amount: 39721.1
Tax Year: 2024
Tax Legal Description: ANTIQUE EXPERIENCE LT 2

Status Change Information

Major Change Timestamp: 2025-11-12T18:01:50Z
Major Change Type: New Listing
Status Change Date: 2025-11-12

More Information

Building and Property Details

# Of Toilets: 4
% Air Conditioned: 100
Maximum Ceiling Height: 10

Price Calculations

Current Price To SqFt: 1362.85

Originating Details

Originating System Key: 20251112175452183430000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Other: Yes

Tenant Pays

Common Area Maintenance: Yes
Electricity: Yes
Insurance: Yes
Maintenance: Yes
Water: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Natural Gas Available: Yes

Building Features

Free Standing: Yes

Business Type

Commercial: Yes

Heating

Central: Yes

Sale Includes

Building: Yes
Land: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Other: Yes

Security Features

Fire Alarm: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

Appointment Only: Yes

Listing Office: Atlantic One Realty Group LLC

Last Updated: April - 23 - 2026

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504 E Atlantic Avenue, Delray Beach, FL 33483 (MLS# R11140139)