About this home
124 NE 5th Ave offers a rare opportunity to acquire a free-standing commercial property in the CBD of Delray Beach. Built in 2018, this Art Deco-inspired building totals 6,364 SF, including 2,336 SF of unfinished second-floor space for expansion or income potential. Features include a full commercial kitchen, café/soda fountain layout, and a new commercial elevator. Situated on 0.31 acres with 15 parking spaces and a backup generator. Located one block from Atlantic Avenue, offering strong visibility and walkability. CBD zoning allows for diverse commercial uses. Existing business will relocate upon sale.
Listing last checked: Listing updated:
Listed by Ellison Dobbs, Jeffrey A. Cloninger · Sotheby's Intl. Realty, Inc. · MLS #B26004744
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air, Zoned
- Flooring
- Tile
Building5 property facts
- Style
- Mixed Use
- Year built
- 2018
- Parking
- 15
- Foundation
- Slab
- Roof
- Flat
Land & utilities4 property facts
- Lot size
- 0.31 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- CBD (city)
Financial2 property facts
- Annual taxes
- $61,449
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $4,495,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$27,850 / monthAdjust
- Principal & interest
- $22,729
- Property tax
- $5,121
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $61,449. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Explore more of Delray Beach
Continue your search in Delray Beach.
Need help making sense of this home?
About 124 NE 5th Avenue
Can I request a private showing?
Request a tour of 124 NE 5th Avenue and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.