502-506 E Atlantic Avenue, Delray Beach, FL 33483 (MLS# R10061612)

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

Overview

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

Listing Details MLS# R10061612

General Property Information

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

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

Contract Information

Comp Sale YN: No
Original List Price: 6695000

Location and Legal

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

Financial Information

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

Remarks and Miscellaneous

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

More Information

Status Change Information

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
Buyer Financing: Cash

Building and Property Details

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

Price Calculations

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

Originating Details

Originating System Key: 20140802200738606407000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes
Wood: Yes

Documents Available

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

Structure Type

Office: Yes
Retail: Yes

Tenant Pays

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

Location of Property

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

Possession

Close Of Escrow: Yes

Special Information

Corporate Owned: Yes

Building Features

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

Business Type

Professional/Office: Yes
Retail: Yes

Common Area Maintenance Includes

Exterior Maintenance: Yes
Management Fees: Yes
Outside Insurance: Yes

Heating

Central Individual: Yes
Electric: Yes
Zoned: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Furniture: Yes
Land: Yes
Machinery: Yes
Signs: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Trade: Yes

Roof

Aluminum: Yes
Barrel: Yes
Metal: Yes

Security Features

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

Water Source

Public: Yes

Cooling

Central Individual: Yes
Electric: Yes
Zoned: Yes

Showing Requirements

Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Traffic Type

Heavy: Yes

Documents

12 Page Brochure ›

25 Page Brochure ›

Confidential and NDA Form ›

Listing Office: Nestler Poletto Sotheby's International Realty

Last Updated: January - 13 - 2026

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