How much is 1200 E Atlantic Avenue?

1200 E Atlantic Avenue is listed at $8,500,000, about $1,268 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 1200 E Atlantic Avenue?

The listing reports net operating income of $317,134 a year, a cap rate of about 3.7% at the $8,500,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 1200 E Atlantic Avenue zoned?

The listing reports zoning of CBD. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 1200 E Atlantic Avenue?

The listing reports 6,703 square feet of building.

When was 1200 E Atlantic Avenue built?

1200 E Atlantic Avenue was built in 1951. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 1200 E Atlantic Avenue?

The listing reports annual property taxes of $107,585 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 1200 E Atlantic Avenue?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

1200 E Atlantic Avenue, Delray Beach, FL 33483

$8,500,000 · $1,268 per sq ft · Mixed-Use for sale

Property type: Mixed Use
Asking price: $8,500,000
Price per sq ft: $1,268
Building size: 6,703 sq ft
Lot size: 9,975 sq ft
Zoning: CBD
Year built: 1951
Net operating income: $317,134/yr
Cap rate: 3.7%
Parking spaces: 10
Parcel ID: 12434616280020032
MLS#: A12114966

Photo 1 at 1200 E Atlantic Avenue, Delray Beach

About this property

Fully leased, income-producing mixed-use building on East Atlantic Avenue, on the beach block in Delray Beach. Two-story building of about 6,703 SF per Palm Beach County on 9,977 SF of CBD-zoned land with about 90 feet of frontage on East Atlantic Avenue. Ten units: six retail, one office and three apartments, 100% leased per the current rent roll. Current NOI $317,134 (about 3.7% cap rate at asking price); 2027 projected NOI $338,734 (about 4.0% cap). 10 parking spaces. Hold for income and appreciation, or redevelop using the existing architectural concept for five retail spaces and five luxury condominiums, subject to City approvals. Rent roll and financials available with the offering memorandum. Contact listing agent for Offering Memorandum.

Operating Statement

Property taxes	$107,585/yr
Net operating income	$317,134/yr
Cap rate at asking price	3.7%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 1200 E Atlantic Avenue

Included: Building, Land

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Apollo Investment & Real Estat · apollorealestatellc@gmail.com · Listing agent: Christopher S Nicotra

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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 BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1200 E Atlantic Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Before You Make an Offer

Buying a mixed use property

Own a Mixed Use Building?

Mixed use buyers value the combination: storefront income below, residential or office rent above, and the zoning that allows both. A broker can review your building against the requirements of investors and owner users working with BreakThru Realty and show how each part of the income is presented to them.

Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Questions About 1200 E Atlantic Avenue

How much is 1200 E Atlantic Avenue?: 1200 E Atlantic Avenue is listed at $8,500,000, about $1,268 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 1200 E Atlantic Avenue?: The listing reports net operating income of $317,134 a year, a cap rate of about 3.7% at the $8,500,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 1200 E Atlantic Avenue zoned?: The listing reports zoning of CBD. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1200 E Atlantic Avenue?: The listing reports 6,703 square feet of building.
When was 1200 E Atlantic Avenue built?: 1200 E Atlantic Avenue was built in 1951. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1200 E Atlantic Avenue?: The listing reports annual property taxes of $107,585 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1200 E Atlantic Avenue?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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