logo
Properties
Explore our listings
Buy
Listings for sale
Rent
Listings for rent
Explore
Neighborhoods, buildings & trends
Neighborhoods
Check neighborhoods information
Buildings
Check buildings information
Pre-Construction
New developments on sale
Market Trends
Monthly market data & analysis
Resources
Blog, tools & guides
Blog
Articles & guides
Tax Calculator
Compare tax savings
Property Tax Calculator
Estimate your annual tax
Sell Your Home
Get a free home valuation
Contact
Tell us about your needs
Language
Change website language
English
Русский
Español
中文(简体)
Sign In
Sign in or register

173 SE 5th Avenue, Delray Beach FL 33483

Commercial Recently Sold
$2,375,000

BTC: 37.69841270

ETH: 1,360.25200458

Sold on: 2021-05-17
43 days
0 room(s)

Overview

Prime real estate opportunity right in downtown Delray Beach and Atlantic Avenue! Best/most liberal zoning Central Business District (CBD) which allows for Hotels, Retail, and Office! This property has enormous potential for conversion to a Boutique Hotel, The property consists of two buildings, nine units in total. (161/173 SE 5th) The Total monthly gross income is $12,050/mo. Fully rented, updated kitchens, large one-bedrooms, and studios, tons of parking in front & back of the building, & coin-operated laundry. Back alley for parking, entry to the building, and trash. Beautiful courtyard next to the buildings. Partial hurricane shutters. One water meter for each building and separate electric meters for each unit. In the heart of Delray Beach development. Right between two brand new hotels (aloft & Courtyard by Marriott Delray Beach), retail and iPic movie theater! Don't miss out on this rare opportunity to own a piece of Delray Beach! 161 SE 5th Available for sale separately for $1,100,000. 173 SE 5th only sold as part of both buildings at $2,499,000

Location

Florida • Delray Beach • 33483 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1946
Lot:
0.34 Acres
Heating:
None
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$940,000
$620K – $1.8M
Confidence Low
List vs. estimate
$1.6M above estimate
List $2,499,000 · +165.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $903K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$34,726
2020
All facts and features

  • Flooring

    • Tile

    Heating

    • None

    Cooling

    • Wall/Window Unit(s)

  • Property

    • Levels: 2

    Lot

    • Lot: 0.34 Acres

    Other Property Information

    • Parcel Number: 12434616011100080

    • Zoning: CBD

  • Type and style

    • Property Type: Commercial Sale

  • Other financial information

    • Annual tax amount: $34,726

  • Source details

    • MLS ID: R10686249

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Central Business District

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

1502 Dale Lane, Delray Beach FL 33444
New
Recently Sold
$2,000,000
House
4 bds · 4 ba · 2,478 sqft
TOTTERDALE ADD,Lake Ida, Delray Beach
1502 Dale Lane, Delray Beach FL 33444
2727 S Ocean Boulevard # 505, Highland Beach FL 33487
New
Recently Sold
$2,350,000
Condo/Co-op
2 bds · 2 ba · 2,050 sqft
VILLA MAGNA CONDO, Highland Beach
2727 S Ocean Boulevard # 505, Highland Beach FL 33487
New
Recently Sold
$3,200,000
House
3 bds · 3 ba · 2,331 sqft
DELL PARK, Delray Beach
28 NE 9th Street, Delray Beach FL 33444
790 Andrews Avenue # D103, Delray Beach FL 33483
New
Recently Sold
$2,250,000
Townhouse
3 bds · 2 ba · 3,236 sqft
LANDINGS OF DELRAY BEACH C, Delray Beach
790 Andrews Avenue # D103, Delray Beach FL 33483
958 Mccleary Street, Delray Beach FL 33483
New
Recently Sold
$1,550,000
House
2 bds · 2 ba · 1,253 sqft
TROPIC ISLE, Delray Beach
958 Mccleary Street, Delray Beach FL 33483
2727 S Ocean Boulevard # 5, Highland Beach FL 33487
Recently Sold
$2,250,000
Condo/Co-op
2 bds · 2 ba · 2,052 sqft
VILLA MAGNA, Highland Beach
2727 S Ocean Boulevard # 5, Highland Beach FL 33487
2006 NW 4th Avenue, Delray Beach FL 33444
Recently Sold
$2,350,000
House
5 bds · 4 ba · 4,458 sqft
Lakeshore Estates, Delray Beach
2006 NW 4th Avenue, Delray Beach FL 33444
Recently Sold
$2,120,000
House
4 bds · 4 ba · 4,000 sqft
TROPIC ISLE 2ND SEC, Delray Beach
968 Banyan Dr, Delray Beach FL 33483

Market around this address

Live counts in the same area.
View all
This zip
33483
8
median $1.9M
Active
Same city
Delray Beach
140
median $214K
Active
Same type
Commercial
4
median $462K
Active
Similar price
$1.7M – $3.2M
5
median $2.5M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Posh Properties