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For Sale Available Listing #22001

2,023 SF Multifamily For Sale — $2,200,000 — 126 NE 4th Ave, Delray Beach

126 NE 4th Ave · Entire Property · Delray Beach, FL 33483
2,023 SFAvailable space
OfficeProperty type
8Parking spaces
2023Renovated
Quick Unit Specs
2,023 SF Sq Ft
Office Type
Available Status
For Sale Listing Type
— Lease Rate
— Monthly Rate
— Lease Terms
— Lease Type
$2,200,000 Asking Price
$1,087.49 Price / SF
6.4% Cap Rate
— NOI
— Condition
— Power
— HVAC
8 spaces Estimated Parking
— Yard
Location Map Click to explore · switch to satellite inside the map
Floor Plan
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Building Description
Executive Summary
This unique multifamily property has CBD Core zoning (Central Business District), which allows for numerous different uses including retail space, offices, multifamily, single family, hotels, motels, public parking, and many more. Recently renovated two unit property now available in the heart of coveted Downtown Delray Beach just one block north of Atlantic Avenue! This key west style property features two cottages that were both recently renovated.
The main cottage features 2BD, 2BA with a spacious floor plan boasting nearly 1,300 Living SF. The back cottage also features 2BD, 2BA and approximately 800 Living SF. This property sits on a 9,000 SF lot and the CBD Zoning allows for development of up to 4 Stories and Maximum height of 54 Feet. Property currently operates as an Airbnb. DO NOT DISTURB TENANTS AND/OR GUESTS.
This property is just steps from Atlantic Avenue and features a private fully fenced backyard with a pergola, jacuzzi, and plenty of green space. This property can be sold fully furnished and is the ideal vacation rental being located just seconds from everything that Delray has to offer, including F45, Johnnie Browns, El Camino, Park Tavern, Throw Social, Pinball Museum, Deck 84, as well as A1A and Delray's public beaches. CBD zoning code, permitted uses, property survey, etc. are available in documents tab.
Building Specifications
CityDelray Beach, FL
ZIP Code33483
Year Built1937
Total Building SF1,999 SF
Land Area8,964 SF
Lot Size0.21 AC
Parking Ratio3.95/1,000 SF
Floor Area Ratio0.223
Amenities24 Hour Access; Air Conditioning; Fenced Lot; Washer/Dryer; Ceiling Fans; Kitchen; Yard; Patio
Walk Score70/100
Renovated2023
Approved Uses by Zoning — Central Business District — LDR Sec. 4.4.13 (CBD)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
Clothing / apparel boutique, Shoe store, Jewelry store, Home decor / furniture / interior design showroom, Art gallery, Bookstore, Gift shop / souvenir shop, Florist, Specialty grocery / gourmet market, Bakery / patisserie (retail), Ice cream, gelato or frozen yogurt shop, Coffee shop / espresso bar / coffee roaster with retail, Full-service sit-down restaurant, Fast-casual restaurant / counter-service eatery (no drive-thru), Juice / smoothie / acai bar, Wine bar / cocktail lounge, Hair salon / barbershop, Nail salon, Day spa / massage establishment, Med spa / aesthetics clinic, Dry cleaner / tailor / alterations (drop-off), Shoe repair, Pet grooming, Law office, Accounting / CPA / tax office, Real estate brokerage office, Insurance agency, Architecture, engineering or design firm, Marketing / advertising / tech / software office, Co-working / shared office space, Title company / mortgage office, Bank or credit union branch (no drive-through), Dentist / orthodontist office, Physician / physical therapy / chiropractic office, Dermatology or plastic surgery practice, Optometrist / optical shop, Pharmacy / drugstore, Yoga studio, Pilates or barre studio, Boutique fitness gym / CrossFit box, Personal training studio, Jiu-jitsu, karate or martial arts dojo, Dance studio, Music school / art school / tutoring center, Cooking school / demonstration kitchen, Museum or cultural center, Photography studio, Ceramics, glassblowing or pottery studio, Jewelry making / metalsmith workshop, Custom framing shop, Small-batch chocolate, coffee or specialty food production with retail, Hotel, Boutique hotel / residential-type inn, Multi-family apartments or condominiums (upper floors), Townhouses, Live/work unit (studio or shop with residence above), Public or private parking garage (Secondary Street use; must be lined on Primary Streets), Antique shop (verifiable antiques only), Bicycle shop / bike rental
With special approval
Brewpub or taproom with on-site brewing, Nightclub or live-music venue (Entertainment District hour limits apply), Bar open past midnight (24-hour or late-night business), Tattoo or permanent-makeup studio, Veterinary clinic (no outdoor kennels), Bank with drive-through lanes, CBD oil retail as accessory to a pharmacy, medical office or clinic (not on Required Retail Frontage; max 20% of tenant GFA; 8am-10pm), Live theater, cinema or performing arts venue, Screen printing or small sign / graphics shop, Bed and breakfast, Surface parking lot, Child care / preschool, Place of worship or assembly, Car wash or auto detailing (interior, one enclosed wash bay; no repair or fueling on site), Gasoline station, Sporting goods and equipment rental (limits per 4.4.13(C)(4)(c)), Consignment / secondhand or thrift store (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Firearms or auto-parts retail (prohibited on Required Retail Streets and in West Atlantic Neighborhood), Contractor office with limited storage/workshop (no self-storage; 55-gallon cap)
Read the full CBD zoning guide ›
Area demographics
Population
3,813
Households
1,819
Median income
$113,630
Median home value
$629,500
Trade area (1 / 3 / 5 mi)
1 mi3 mi5 mi
Population10,52174,231173,723
Households4,77432,15580,507
Avg income$162,702$117,926$110,976
Household income (purchasing power)
< $50k0%
$50–100k0%
$100–150k0%
$150k+0%
Traffic count (frontage)
29,500 cars/day (AADT)

Neighborhood Demographics · Census Tract 006502

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
3,813
Population
$113,630
Median Household Income
46
Median Age
1,819
Households
$629,500
Median Home Value
Household Income of 1,819 households
<$50k514 28%
$50–100k303 17%
$100–150k343 19%
$150k+659 36%
Age of 3,813 residents
Under 18278 7%
18–341,138 30%
35–541,057 28%
55–64645 17%
65+695 18%

Frontage Traffic vs. Palm Beach County's Busiest Roads

This property fronts NE 4th Ave. Below, its measured daily traffic (FDOT count) is compared to five of the county's busiest roads — I‑95, Florida Turnpike, Okeechobee Blvd, US‑1/Federal Hwy, and Military Trail (approximate peak AADT) — to show how much exposure the location gets.
29,500vehicles / day on NE 4th Ave (AADT)
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
◆ NE 4th Ave 29,500
This frontage carries about 12% of I‑95's volume — solid commercial‑corridor traffic. County roads shown are approximate peak AADT.
FDOT count stations on NE 4th Ave
29,500 AADT between SW 11 AVE and SWINTON AVE (2025)
24,500 AADT between CONGRESS AVE and NE 7 AVE (2025)
15,600 AADT between SR-806/ ATLANTIC AVE and NE 5 AVE (2025)
14,000 AADT between SR-806/ATLANTIC AVE and US-1 / SR-5 (2025)
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone
Street View Click to load · then drag to look around
Asking Price
$2,200,000
Listing Courtesy of Compass
SM
Sean Mooney
Compass
Inquire about this property
Key highlights

Investment Highlights WALKING DISTANCE TO DOWNTOWN DELRAY AND ATLANTIC AVENUE (ONLY ONE BLOCK NORTH OF ATLANTIC) CBD ZONING HAS NUMEROUS PERMITTED USES INCLUDING: RETAIL, OFFICE, MEDICAL, MULTIFAMILY, ETC. LOCATED LESS THAN ONE (1) MILE FROM DELRAY'S PUBLIC BEACHES

  • 2,023 SF office space available
  • 8 parking spaces
  • Renovated in 2023
  • Zoned CBD
Extended Unit Specifications
Suite Entire Property
Available Now
Clear Height —
Drive-In Bays —
Dock-High Bays —
Office SF —
Restrooms —
Parking Ratio 3.95
Op. Expenses —
Appraiser Data
Parcel Control No.12434616010910060
Assessed Value$1,277,134
Land Value$1,129,464
Legal Description
TOWN OF DELRAY LT 6 BLK 91
Sale History
Sale 1$10 · 4/2017
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 19.2 mi 27 min drive
Ft. Lauderdale (FLL) 32.4 mi 43 min drive
Miami Intl (MIA) 48.1 mi
⚓ Seaports
Port of Palm Beach 21.2 mi
Port Everglades 25.8 mi
PortMiami 47.8 mi