$8,500,000
1200 E Atlantic Avenue
Delray Beach, FL 33483
Explore the area: Delray Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $8,500,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 2
This commercial property in ZIP 33483 is listed at $8,500,000. It has been on the market for 2 days.
Estimated monthly payment
$44,671 /mo
Principal and interest only, based on $1,700,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $8,500,000
- Days on Site
- 2 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 6,703 sqft
- Lot Size
- 0.23 Acres
- Year Built
- 1951
- Property Type
- Commercial
- MLS #
- A12114966
- Property Tax
- $107,585 (2025)
- County
- Palm Beach
- Status
- Active
About This Property
Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.
General Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1951
- Lot Size (Acres)
- 0.23
- Total Sq Ft
- 6,703
- Structure Type
- Retail
- Zoning
- CBD
Exterior Features
- Lot Features
- Central Business District / City Lot
Community & HOA
- MLS Area
- 4140
About the Area
Delray Beach homes for sale run from $225K downtown condos to $10,000,000+ oceanfront estates. Atlantic Avenue condos start at $225K; oceanfront estates on the barrier island start at $2,500,000. Tropic Isle and Rainberry Bay sit in the $400K to $700K range. Valencia Cove and Saturnia Isles, west of Lyons Road, make up about 35% of resale volume. Atlantic Avenue itself is three blocks from the beach. The city has won the All-America City award three times. Delray Beach covers 16 square miles, with Boynton Beach to the north and Boca Raton directly south.
- Homes for Sale
- 1,728
- Under Contract
- 505
- Median List Price
- $295,000
- Median Sale Price (October)
- $407,500
- Median $/Sq Ft
- $239
- Avg Days on Market
- 111
Frequently Asked Questions
- How do I schedule a tour of 1200 E Atlantic Avenue, Delray Beach, FL 33483?
- Use the Tour button on this listing to request a showing of 1200 E Atlantic Avenue, Delray Beach, FL 33483. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1200 E Atlantic Avenue, Delray Beach, FL 33483 still available?
- 1200 E Atlantic Avenue, Delray Beach, FL 33483 is currently listed as Active, and has been on the market 2 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1200 E Atlantic Avenue, Delray Beach, FL 33483?
- With 20% down ($1,700,000) on the $8,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1200 E Atlantic Avenue, Delray Beach, FL 33483 is about $44,671/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1200 E Atlantic Avenue, Delray Beach, FL 33483?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1200 E Atlantic Avenue, Delray Beach, FL 33483. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1200 E Atlantic Avenue, Delray Beach, FL 33483?
- Often, yes. The right offer on 1200 E Atlantic Avenue, Delray Beach, FL 33483 depends on how it's priced against comparable commercial sales in Delray Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Apollo Investment & Real Estat
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated November 14, 2026.
$8,500,000
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Listed by Christopher S Nicotra, Apollo Investment & Real Estat
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Recent Sales
Recently sold homes in ZIP 33483
These are the last 6 recorded closings in ZIP 33483, with the price each home actually sold for rather than what it was listed at. They closed at a median of $714 per square foot. The most recent closed on November 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$824,900
Sold · November 13, 2026
1057 E HERITAGE CLUB Circle
3 bed · 2.5 bath · 1,978 sqft · $417/sqft
Sold$322,000
Sold · November 12, 2026
910 Dogwood Drive 444
2 bed · 2 bath · 1,200 sqft · $268/sqft
$12,900 under the asking price
Sold$5,100,000
Sold · November 12, 2026
4333 N Ocean Boulevard DN4
3 bed · 3.5 bath · 2,995 sqft · $1,703/sqft
$395,000 under the asking price
Sold$299,999
Sold · November 12, 2026
3351 Spanish Trail 113
2 bed · 2 bath · 1,000 sqft · $300/sqft
Sold$2,300,000
Sold · November 9, 2026
209 SE 5TH Street
3 bed · 3.5 bath · 3,223 sqft · $714/sqft
$95,000 under the asking price
Sold$5,500,000
Sold · November 6, 2026
810 Andrews Avenue
5 bed · 4.5 bath · 4,463 sqft · $1,232/sqft
$150,000 under the asking price
See every recorded sale in ZIP 33483 or find out what your ZIP 33483 home is worth.
