1200 E Atlantic Avenue
Delray Beach, FL 33483
MLS # A12114966· Active IDX
$8,500,000
- Bathrooms
- 0
- Living area
- 6,703 sq ft
- Lot size
- 0.229 acres
- Year built
- 1951
- Type
- Mixed Use
- Days on market
- 7
About this home
Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
Details
| MLS # | A12114966 |
|---|---|
| Status | Active |
| County | Palm Beach |
| ZIP | 33483 |
| Parking spaces | 10 |
| Annual taxes | $107,585 |
Listing courtesy of Apollo Investment & Real Estat, Christopher S Nicotra. Last updated Oct 31, 2026, 12:53 AM ET.
Request a showing
Mention MLS # A12114966 (1200 E Atlantic Avenue) and when you would like to visit. A licensed real-estate professional will contact you.
Licensed brokerage
Premier Real Estate Group Inc
Broker of record Maxim Bohadana, Florida broker license BK3314523
(888) 440-3766The data relating to real estate for sale on this website comes in part from the IDX Program of BeachesMLS, Inc. Information is deemed reliable but not guaranteed. Listings held by brokerages other than Premier Real Estate Group Inc are marked with the IDX logo and detailed information about them includes the name of the listing broker. Last updated Oct 31, 2026, 12:53 AM ET.