5300 Atlantic AveDelray Beach, FL 33484

Property Details for 5300 Atlantic Ave

Year built

1983

Construction

STEEL FRAME

Lot size

3.38 AC

Property size (Sq ft)

53,733 SF

Zone code

POC

Property type

Office properties

Property subtype

Office buildings

APN

12-42-46-14-01-000-0010

APU

12424614010000010

Description

This exceptional sublet opportunity presents 53,733 square feet of office space located on the second floor of the prestigious Bank United Building in Delray Beach, Florida. The space is immediately available upon owner approval and boasts a single-tenant occupancy, ideal for a company seeking a substantial and well-appointed workspace. The property is zoned POC(ci) and features a convenient location off Atlantic Avenue. Utilities are included in the rental price, offering significant cost savings. Included in the lease are cable and internet services, as well as electricity. The space is move-in ready, offering immediate occupancy. Furthermore, tenants will benefit from access to shared amenities, including a foyer/reception area and a shared conference room, enhancing productivity and collaboration. The property's APN is 12424614010000010. This is a rare opportunity to secure a large, well-equipped office space in a prime Delray Beach location with all utilities included, making it an attractive option for businesses seeking immediate occupancy and a streamlined move. The building consists of only one suite, ensuring a private and secure environment. The lot size is not specified. This turnkey solution allows businesses to focus on their operations without the hassle of setup and utility negotiations.

• CAP approach

  CAP return

  Valuation

  6%

  $16,526,308

  6.5%

  $15,255,054

  7%

  $14,165,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,396,145

  Geo Method

  $14,396,145

• Alternative Use

  Use

  Valuation

  Residential

  $18,916,266

  Hospitality

  $17,327,198

  Educational

  $14,416,026

  Medical

  $14,911,815

  Retail

  $22,424,930

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.457

Longitude

-80.1271

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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