Commercial Sale · Mixed Use
124 NE 5th Avenue, Delray Beach FL 33483, DELRAY BEACH, FL, 33483
Active148 days on marketListed Mar 19, 2026MLS #B26004744
About this property
The property at a glance
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.
6,364
Building sq ft
$784
Price / sq ft
0.31
Lot acres
2018
Year built
1
Building
CBD (city)
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$27,719/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
12,595
Population
$117,854
Median income
59.8
Median age
1.89
Avg household
$755,700
Median home value
$2,306/mo
Median rent
512
Households w/ kids
Recent sales
What actually sold near 124 NE 5th Avenue
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,450,000
280 NE 6th Avenue, Delray Beach FL 33483
Sold Oct 21, 2024
$300,000
21 NW 8th Avenue, Delray Beach FL 33444
Sold Oct 25, 2024
$1,175,000
601 N Congress Avenue # 201, Delray Beach FL 33445
Sold Nov 6, 2024
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 124 NE 5th Avenue — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 124 NE 5th Avenue.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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