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200 NE 2nd Avenue 101, Delray Beach, FL 33444

$9,000,000
Property Type: Comm/Industry Baths: 14 Square Footage: 16,672 Status: Closed
Current Price: $9,000,000 Last Modified: 5/01/2023

Description

Nestled in the heart of downtown Delray Beach is where you will find ''City Walk'' within the highly desirable Pineapple Grove district. This 16,672 SF retail plaza consists of 14 storefronts/bays occupied by 9 thriving tenants. City Walk in Pineapple Grove is a popular destination location with AMPLE parking for locals as well as the hundreds of thousands of visitors Delray Beach brings in year round! In addition to the amazing location, outstanding venues and tenants, this property is also a fantastic investment opportunity offering a 6% CAP.

More Information MLS# RX-10461224

Contract Information

Auction: No List Price/Bldg SqFt: 593.8 Status: Closed Original List Price: 11500000 Sold Price: $9,000,000 Current Price: $9,000,000 Listing Date: 2018-09-04

General Property Description

For Sale: Yes For Lease: No Property Desc: Retail/Store front Acres: 0.49 Built Desc: Resale Waterfront: No SqFt Source: Tax Rolls # of Stories: 4 Total Units: 14 % Air Conditioned: 100 Subdivision: CITY WALK AT PINEAPPLE GROVE Year Built: 2007 SqFt - Living: 16672 Baths - Total: 14

Location, Tax & Legal

Geo Area: PB06 State/Province: FL Tax Year: 2017 Zoning: 1104 - STORES C Real Estate Taxes: 98068 Area: 4360 County: Palm Beach Parcel ID: 12434616k50001010 Street #: 200 Street Dir: NE Street Name: 2nd Street Suffix: Avenue Unit #: 101 Zip Code: 33444 Legal Desc: CITY WALK AT PINEAPPLE GROVE CONDOMINIUM UNIT 101 IN OR21357P60/CITY WALK AT PINEAPPLE GROVE CONDOMINIUM UNIT 110 IN OR2 Geo Lat: 26.465954 Geo Lon: -80.07145

Remarks & Misc

Directions: Atlantic Avenue east to 2nd Ave. Head North on 2nd Ave (aka Pineapple Grove) to property

Office/Member Info

DXORIGMLNO: RX-10461224 DXORIGMLSID: RML

Status Change Info

Terms of Sale: Other Sold Price/Bldg SqFt: 539.82 Under Contract Date: 2019-03-29 Sold Date: 2019-05-13 Sold Price: $9,000,000

Location

Central Business Dst: 1 City: 1

Type of Building

Medical: 1 Office/Professional: 1 Office/Retail: 1 Restaurant: 1 Retail: 1

Unit 1

Unit Desc: Shops

Unit 2

Unit Desc: Shops

Sale Includes

Building Only: 1

Unit 3

Unit Desc: Shops

Unit 4

Unit Desc: Shops

Avail Info

Investment Analysis: 1

Unit 5

Unit Desc: Shops

Construction

CBS: 1

Avail Docs

None: 1

Unit 6

Unit Desc: Shops

Unit 7

Unit Desc: Shops

Unit 8

Unit Desc: Shops

Special Info

Presently Leased: 1

Cooling

Central: 1 Electric: 1

Heating

Central: 1 Electric: 1

Tenant Pays

Cable: 1 Electric: 1 Sewer: 1 Water: 1

Use

Professional Office: 1 Retail: 1 Other: 1

Flooring

Concrete: 1

Utilities

Cable: 1 Electric: 1 Public Sewer: 1 Public Water: 1 Separate Meter: 1

Fire Protect

Smoke Alarm: 1 Smoke Detector: 1 Sprinkler: 1

Roof

Other: 1

Terms Considered

Other: 1

Possession

At Closing: 1

Lease

None: 1

Contingencies

Inspection: 1

Property Features

Use: Professional Office; Retail; Other Type of Building: Medical; Office/Professional; Office/Retail; Restaurant; Retail Construction: CBS Location: Central Business Dst Sale Includes: Building Only Avail Docs: None Avail Info: Investment Analysis Flooring: Concrete Cooling: Central; Electric Heating: Central; Electric Fire Protect: Smoke Alarm; Smoke Detector; Sprinkler Special Info: Presently Leased Tenant Pays: Cable; Electric; Sewer; Water Utilities: Cable; Electric; Public Sewer; Public Water; Separate Meter Roof: Other Terms Considered: Other Lease: None Possession: At Closing Contingencies: Inspection
Listing Office: Delray Beach Real Estate Compa
Last Updated: May - 01 - 2023
200 NE 2nd Avenue 101, Delray Beach, FL 33444- MLS# RX-10461224
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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