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124 NE 5th Avenue, Delray Beach FL 33483

Commercial For Sale
$4,990,000

BTC: 80.48387097

ETH: 2,965.47215784

81 days
0 room(s)

Overview

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.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
2018
Lot:
0.31 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,900,000
$128K – $5.6M
Confidence Low
List vs. estimate
$3.1M above estimate
List $4,990,000 · +162.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.1M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$61,449
2025
Parking
15 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    • Zoned

    Other interior features

    • Fire Sprinklers

    • Elevator

  • Property

    • Levels: 2

    • Exterior Features: East Of Us1 / Balcony / None

    Lot

    • Lot: 0.31 Acres

    Other Property Information

    • Parcel Number: 12434616010990180

    • Zoning: CBD (city)

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Utility

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $61,449

  • Source details

    • MLS ID: B26004744

    Other facts

    • Construction Materials: CBS Construction / Slab Construction / Stucco

    • Lot Features: Central Business District / City Location / East Of US 1 / Sidewalk

    • 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.

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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: Sotheby's Intl. Realty, Inc.