1200 East Atlantic Avenue

Delray Beach, FL 33483

$7,500,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional Investment Opportunity for Builders and Developers. This prime mixed-use property generates income today, also promises substantial future appreciation. You have the choice to hold it for long-term gains or redevelop it into five unique retail spaces and five expansive, high-end condominiums. Architecture and renderings provided by Randall Stofft Architects.Exceptional Investment Opportunity for Builders and Developers. This prime mixed-use property generates income today, also promises substantial future appreciation. You have the choice to hold it for long-term gains or redevelop it into five unique retail spaces and five expansive, high-end condominiums. Architecture and renderings provided by Randall Stofft Architects.
  1. Listed by Christopher S Nicotra • Ocean Delray Real Estate
  2. Listed by Robert Guntmacher • Ocean Delray Real Estate

Property Details for 1200 East Atlantic Avenue

Subdivision
OCEAN PARK DELRAY

Location

Listing Courtesy of Ocean Delray Real Estate
Add your commute
LISTING UPDATED: 04/10/2024 07:38 AM

Property Details for 1200 East Atlantic Avenue

StatusActive
MLS #RX-10902241
Days on Market301
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial/Industry / Mixed Use
Year Built1951
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Ocean Delray Real Estate
Add your commute

Building Information for 1200 East Atlantic Avenue

Stories-Residences-Year Built1951Lot Size-

Payment Calculator

$47,186 per month

30 year fixed, 7.25% Interest

Principal and Interest

$40,931

Property Taxes

$6,255

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1200 East Atlantic Avenue

Summary
Location and General Information
  • Directions: East Atlantic Ave toward the ocean. One block from A1A on Atlantic Ave.
  • Geo Area: Palm Beach 4130a; 4140b
  • Street Number: 1200
  • Subdivision Complex Bldg: OCEAN PARK DELRAY
  • Municipal Code: Delray Beach
  • State: FL
  • City Postal ID: 33483
  • MLS Area: 4140
  • MLS Sub Area: PB05
Taxes and HOA Information
  • Comm/Trans Brk: 4%
  • Tax Year: 2022
Property
Lot Information
  • Area: 4140
  • Parcel ID: 12434616280020032
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Tax Rolls
  • Zoning: CBD(ci
Property and Assessments
  • Acres: 0.22
  • For Sale: Yes
  • Legal Desc: OCEAN PARK DELRAY S 1/2 OF LT 3 & LTS 4 THRU 6 (LESS N 7 FT ATLANTIC AVE R/W) BLK 2
  • Legal Description: OCEAN PARK DELRAY S 1/2 OF LT 3 & LTS 4 THRU 6 (LESS N 7 FT ATLANTIC AVE R/W) BLK 2
Utilities
  • Utilities: Electric, Other, Public Sewer, Public Water, Separate Meter
Interior and Exterior Features
Interior Features
  • Roof: Other
  • Cooling: Other
  • Flooring: Other
  • Heating: Other
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: Common Area Maint., Electric, Taxes, Water

Property History for 1200 East Atlantic Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1200 East Atlantic Avenue

Taxable ValueLand$2,851,431Additions$834,680Total$3,686,111
Tax Record2023$75,064 ($6,255 / month)
Home Facts
Total Finished SqFt2,036 SqFtAbove Grade Finished SqFt2,036 SqFtStories2Lot Size9,975 SqFtStyleMiscellaneous CommercialYear Built1951Year Renovated2000ZoningCBDCountyPALM BEACHAPN12-43-46-16-28-002-0032

Schools near 1200 East Atlantic Avenue

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Pine Grove Elementary School
PublicPK to 5

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1200 East Atlantic Avenue is a mixed use property for sale in Delray Beach, FL 33483. This property was listed for sale on July 6, 2023 by Ocean Delray Real Estate, it's currently listed at $7,500,000. This listing's school district is Palm Beach. Nearby schools include Pine Grove Elementary School, Carver Middle School and Atlantic High School. 1200 East Atlantic Avenue is a 0-bed, 0-bath, mixed use property built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ocean Delray Real Estate

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.