$4,495,000
124 NE 5th Avenue
Delray Beach, FL
Explore the area: Delray Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $4,495,000
- Price per sq ft
- N/A
- Original price
- $4,990,000
- Days on market
- 201
This commercial property is listed at $4,495,000. The asking price has come down 9.9% from its original $4,990,000. It has been on the market for 201 days.
Estimated monthly payment
$23,623 /mo
Principal and interest only, based on $899,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $4,495,000
- Days on Site
- 201 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 6,364 sqft
- Lot Size
- 0.31 Acres
- Year Built
- 2018
- Property Type
- Commercial
- MLS #
- B26004744
- Property Tax
- $61,449 (2025)
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 2018
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- Two
- Parking
- Accessible Parking
- Lot Size (Acres)
- 0.31
- Total Sq Ft
- 6,364
- Structure Type
- Mixed Use
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- CBD (city)
Interior Features
- Cooling
- Central Air / Zoned
- Heating
- Central
- Flooring
- Tile
Exterior Features
- Construction
- CBS Concrete Block Structure / Block / Concrete / Stucco
- Roof
- Flat
- Exterior Features
- Balcony
- Patio & Porch
- Balcony
- Lot Features
- Central Business District / City Lot / Landscaped / None
Community & HOA
- Community Features
- Sidewalks
- Security
- Security System Owned / Fire Alarm / Fire Sprinkler System / Smoke Detectors
- Utilities
- Electricity Connected / Sewer Available / Water Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 4360
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
- 2,019
- Median List Price
- $279,900
- Median $/Sq Ft
- $237
- Avg Days on Market
- 115
Frequently Asked Questions
- How do I schedule a tour of 124 NE 5th Avenue, Delray Beach, FL?
- Use the Tour button on this listing to request a showing of 124 NE 5th Avenue, Delray Beach, FL. 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 124 NE 5th Avenue, Delray Beach, FL still available?
- 124 NE 5th Avenue, Delray Beach, FL is currently listed as Active, and has been on the market 201 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 124 NE 5th Avenue, Delray Beach, FL?
- With 20% down ($899,000) on the $4,495,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 124 NE 5th Avenue, Delray Beach, FL is about $23,623/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 124 NE 5th Avenue, Delray Beach, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 124 NE 5th Avenue, Delray Beach, FL. 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 124 NE 5th Avenue, Delray Beach, FL?
- Often, yes. The right offer on 124 NE 5th Avenue, Delray Beach, FL 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 Sotheby's Intl. Realty, Inc.
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 June 23, 2026.
$4,495,000
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Listed by Ellison Dobbs, Sotheby's Intl. Realty, Inc.
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