9-BAY WAREHOUSE LOCATED IN DOWNTOWN DELRAY

Listing was updated at: 11/22/2019
Property Overview
Price/Rent PSF $ 1,749,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 6,309
Date Available 11/22/2019
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Floors 2
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Description

Location
Located in downtown Delray in the HOT new SofA District (South of Atlantic) in Osceola Park between Federal Hwy and Swinton Ave., and just blocks from the famous and eclectic downtown Atlantic Ave. More than 6 major investment projects happening right now in downtown Delray Beach and another huge 7-acre mixed-development slated for South Swinton area just blocks from this location.

Go South on SE 1st Ave from Atlantic Ave, East on SE 4th Street over the tracks. Property is on left hand side just over the tracks. This property is located just one block South of the new development which consists of 950 residential units and over 100,000 SF of retail.

Sale
With over $1 billion in developments all within blocks, this property will eventually be an extension of Downtown Delray. 301 SE 1st Ave is 1.46 acres just behind this property and just sold to a developer. It is zoned 48 units multifamily with 4,000 SF of office, but developer is taking plans to the city for a different plan. In due time, this area will be an extension to Downtown Delray.

It's located on a hard corner making it easier to access when going to and from. This warehouse was constructed using concrete CBS and is solid if you need protection in case of a hurricane. It is a 2 level, 9-Bay Single Tenant Warehouse with large enclosed area for parking. Parking could be for staff or fleet of work vehicles, etc. Property is in Osceola Park (East Delray) and within 11 minute walk to downtown Delray Beach, 5 minute drive to the beach, and 5 minute drive to I-95. If you are looking for a great location, you found it. This area slated by city's CRA for progress and improvements! Lighting and Curbing updates made by city improved walking to and from downtown's eclectic Atlantic Ave. which as mentioned above is a short 11 minute walk from this parcel. Infrastructure for water and sewer updated by City of Delray for anticipation of development in this area. New alleyways constructed as well. Building also has potential for build-out to multi-tenancy structure and can go vertical up to 4 stories.

This will be the next area to undergo a renewal as all the new development is completed in the South of Atlantic (SOFA) district. Caspian Luxury Apartments, Sofa Luxury Apartments, 111 First Delray 70 unit condos, and Midtown Delray new development all less than an 8-minute walk from this property.

Location