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117 NE 5th Avenue, Delray Beach FL 33483

Commercial For Sale
$5,000,000

BTC: 59.65519298

ETH: 1,886.79245283

New
0 room(s)

Overview

Opportunity to own a freestanding commercial building just one block off Atlantic Avenue in booming Downtown Delray Beach. Located on a highly visible corner of NE 5th Avenue (federal highway) & NE 1st Street (DT bypass) Pineapple Grove is just 3 blocks to the west the beach is less than mile east. Plentiful on-site parking (17 spaces) double corner lot. The building is being renovated with Impact glass, roof refurbish & new exterior painting. Downtown Delray Beach is a vibrant market with improved demographics & new residential all around this location.

Location

Details

Type:
Commercial Sale
Parking:
Assigned
Year Built:
1964
Lot:
0.32 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,250,000
$920K – $3.2M
Confidence Low
List vs. estimate
$3.8M above estimate
List $5,000,000 · +300.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $953K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$53,346
2025
Parking
17 spaces
All facts and features
  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Fire Sprinklers

  • Parking

    • Assigned

    Property

    • Levels: 1

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 12434616011070091

    • Zoning: CBD (city)

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Utility

    • Cable Connected

    • Electricity Connected

    • Cable Available

    • Electricity Available

  • Other financial information

    • Annual tax amount: $53,346

  • Source details

    • MLS ID: B26082657

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre

    • 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: Douglas Elliman