Business for Sale in Delray Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Delray Beach, FL 33444

Description

Marcus & Millichap is pleased to present 150 North Swinton Avenue, a rare owner-user and mixed-use investment opportunity located in the heart of Downtown Delray Beach. Situated on a quarter-acre parcel, the 5,569-square-foot property is comprised of two office suites and two residential apartments, all currently occupied. As part of the offering, the seller will vacate the larger office suite at closing and lease back the smaller office suite for 12 months at market rent ($45/SF NNN), providing immediate stabilized income while allowing a buyer to occupy or reposition a portion of the building. Both apartments are on month-to-month leases, creating near-term flexibility to maintain current income, convert to annual leases, or reposition at higher market rents. With the ability to implement a live-work-play configuration, lease up the vacant office suite at market rates, and optimize residential income, the asset offers compelling value-add and long-term redevelopment potential in one of South Florida’s most desirable downtown cores. Situated directly across from Old School Square, the city’s premier cultural and arts hub, the property is centrally located within walking distance of Atlantic Avenue’s restaurants, retail, nightlife, and hospitality assets. 150 North Swinton Avenue also benefits from exceptional pedestrian traffic, strong office fundamentals, and continued redevelopment throughout Downtown Delray Beach. Additionally, the surrounding area has experienced sustained rent growth and increasing demand for flexible mixed-use and live-work inventory, supported by limited new supply and high barriers to entry. Investment Highlights: • Prime Downtown Delray Beach Location Directly Across From Old School Square • 5,569 SF Mixed-Use Asset on a ±0.25-Acre Parcel • Two Office Suites and Two Residential Apartments Offering Flexible Income Streams • Immediate Stabilized Income From One-Year Seller Leaseback at $45/SF NNN • Month-To-Month Residential Leases Provide

Market Context

This mixed use in Delray Beach, FL is listed for sale. It is offered at an approximate 1.6% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 53 days. Compare it against other mixed use listings for sale in Delray Beach, FL — <a href="/search/sale/mixed-use/florida/delray-beach">view the full market</a>.

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