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502-506 E Atlantic Avenue, Delray Beach, FL 33483

$6,250,000
Property Type: Commercial Sale Square Footage: 11,638 Status: Closed
Current Price: $6,250,000 List Date: 8/02/2014 Last Modified: 1/13/2026

Description

Landmark Building in Downtown Delray Beach, Florida, Complete Renovation in 2013, First Floor Tenants – Starbucks Coffee, Delicatessen, Retail Shopping, Second Floor Tenants - Executive Office Suites, Virtual Offices, Conference Center, Located in the Center of New Development on Atlantic Avenue between the new iPic Entertainment Luxury Movie Theater and the new Atlantic Crossings Development

More Information MLS# R10061612

Contract Information

Comp Sale YN: No Listing Date: 2014-08-02 Status: Closed Original List Price: 6695000 Sold Price: $6,250,000 Current Price: $6,250,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Delray Beach Postal Code: 33483 Geographic Area: PB06 Multiple Offers Accepted: Yes Property Description: Starbucks, Retail Street Number: 502-506 Street Direction Prefix: E Street Name: Atlantic Street Suffix: Avenue State Or Province: FL Area: 4360 Parcel Number: 12434616g60000010 Zoning: CENTRAL BUSINES Directions: Southeast Corner of Atlantic Avenue and NE 5th Ave (US1)

General Property Information

Number Of Units Total: 4 Lot Size Area: 6969.6 Stories: 2 Building Area Main: 11638 Building Area Source: Appraiser Year Built: 2013 Lot Size Acres: 0.16

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y, Miscellaneous: Y

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2015-05-04T20:53:34Z Major Change Type: Status Change Price Change Timestamp: 2014-09-09T21:17:35Z Status Change Date: 2015-05-04 Under Contract Date: 2015-04-27 Close Date: 2015-04-27 Close Price: 6250000

Electric

Separate Meters: 1

Flooring

Carpet: 1 Concrete: 1 Tile: 1 Wood: 1

Documents Available

Books & Records: 1 Copy Of Lease(s): 1 Financial Statement: 1 Investment Analysis: 1 Owner Managed: 1 Photos: 1 Title/Abstracts: 1

Structure Type

Office: 1 Retail: 1

Tenant Pays

Cable TV: 1 Common Area Maintenance: 1 Electricity: 1 Insurance: 1 Maintenance: 1

Location of Property

Beach Access: 1 Central Business District: 1 City Location: 1

Possession

Close Of Escrow: 1

Special Information

Corporate Owned: 1

Building and Property Details

# Of Toilets: 4 % Air Conditioned: 100 Maximum Ceiling Height: 15

Building Features

Coffee Shop: 1 Elevator(s): 1 Free Standing: 1 Lounge: 1 Meeting Room(s): 1 Private Restroom(s): 1 Public Restroom(s): 1 Rear Access: 1 Reception Area: 1 Restaurant: 1 Wired for Computers: 1

Business Type

Professional/Office: 1 Retail: 1

Common Area Maintenance Includes

Exterior Maintenance: 1 Management Fees: 1 Outside Insurance: 1

Heating

Central Individual: 1 Electric: 1 Zoned: 1

Sale Includes

Building: 1 Fixtures: 1 Furniture: 1 Land: 1 Machinery: 1 Signs: 1

Construction Materials

CBS: 1

Listing Terms

Cash: 1 Trade: 1

Roof

Aluminum: 1 Barrel: 1 Metal: 1

Security Features

Fire Alarm: 1 Fire Sprinkler System: 1 Lobby - Attended: 1 Security Fence: 1

Water Source

Public: 1

Cooling

Central Individual: 1 Electric: 1 Zoned: 1

Showing Requirements

Call Listing Agent: 1 Listing Agent Must Accompany: 1

Traffic Type

Heavy: 1

Price Calculations

Current Price To SqFt: 537.03 Original List Price To Close Price: 1.07

Financial Information

Tax Annual Amount: 51807.04 Tax Year: 2013 Tax Legal Description: ANTIQUE EXPERIENCE LT 1

Originating Details

Originating System Key: 20140802200738606407000000 Originating System ID: M00000170

Property Features

Building Features: Coffee Shop; Elevator(s); Free Standing; Lounge; Meeting Room(s); Private Restroom(s); Public Restroom(s); Rear Access; Reception Area; Restaurant; Wired for Computers Business Type: Professional/Office; Retail Common Area Maintenance Includes: Exterior Maintenance; Management Fees; Outside Insurance Documents Available: Books & Records; Copy Of Lease(s); Financial Statement; Investment Analysis; Owner Managed; Title/Abstracts Electric: Separate Meters Flooring: Carpet; Concrete; Tile; Wood Heating: Central Individual; Electric; Zoned Location of Property: Beach Access; Central Business District; City Location Possession: Close Of Escrow Sale Includes: Building; Fixtures; Furniture; Land; Machinery; Signs Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Insurance; Maintenance Construction Materials: CBS Cooling: Central Individual; Zoned Listing Terms: Cash; Trade Traffic Type: Heavy Roof: Aluminum; Barrel; Metal Security Features: Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security Fence Special Information: Corporate Owned Structure Type: Office; Retail Water Source: Public Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Listing Office: Nestler Poletto Sotheby's International Realty
Last Updated: January - 13 - 2026
502-506 E Atlantic Avenue, Delray Beach, FL 33483- MLS# R10061612
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