Bankers Row Bungalow 211 NE 1st Ave

Investment Highlights

This historic home offers a unique calm atmosphere just steps away from restaurants, hotels, shops and famous Atlantic Ave. A short bike ride to Delray beach three time All American City public & private beaches. Redevelopment opportunity to double the footprint, adding a private accessed secluded guest home / office with storage off the alleyway. One-of-a-kind location in the historic Banker's Row District of Downtown Delray Beach.

Executive Summary

One-of-a-kind location in the historic Bankers Row District of Downtown Delray Beach. Unique opportunity to increase the ceiling height & doubling the building footprint. Add a private entrance residence / office accessed off the alleyway with parking, storage and splash pool similar to what other homes have already done on the block. The Old School Square Historic Arts District venues include Arts Warehouse, Arts Garage & Old School Square. The OSSHAD zoning offers a variety of commercial uses including restaurants, retail, office and financial services. The historic home offers a unique calm atmosphere just steps to the famous Atlantic Ave thriving shopping, dining and entertainment district. Major nearby developments include Atlantic Crossing, The Ray Hotel & Sundy Village.

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Retail/Office Office Office Residential Office Office Live Work Unit Restaurant
• Building Size    1,320
• Year Built    1937
• Price    2,095,000
• Price Per SF    1,587
• Percent Leased    Vacant
• Building Height    1 Story
• Building FAR    0.18
• Land Acres    0.17 AC

• 24 Hour Access
• Courtyard