307 E Atlantic Avenue, Delray Beach, FL 33483 (MLS# F10140108)

307 E Atlantic Avenue, Delray Beach, FL 33483

$5,500,000
Property Type: Commercial Sale Status: Closed
Current Price: $5,500,000 List Date: 9/08/2018 Last Modified: 3/02/2026

Overview

Description

Rarely available building for sale on East Atlantic Avenue, in one of the most vibrant cities in Palm Beach County. Currently used as a restaurant, but the CBD zoning allows for many uses.

Listing Details MLS# F10140108

General Property Information

Property Sub Type
Business
Occupant Type
Vacant
Year Built
1955
Stories Total
Yes

Property Features

Business Type: Bar/Tavern/Lounge; Commercial; Restaurant Documents Available: Drawings; Owner Managed Electric: Three Phase Flooring: Ceramic Tile; Concrete Parking Features: Common; On Street Possession: Negotiable Property Condition: Resale Source Of Expenses: Owner Provided Roof: Tar/Gravel Structure Type: Warehouse Showing Requirements: Appointment Only Contingencies: Inspection

Contract Information

Comp Sale YN
No
Listing Contract Date
2018-09-07
Original List Price
5750000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
307
Street Direction Prefix
E
Street Name
Atlantic
Street Suffix
Avenue
City Name
Delray Beach
State Or Province
FL
Postal Code
33483
Postal Code +4
4534
Area
4360
Geographic Area
PB06
Parcel Number
12434616010920060
Zoning
CBD
Directions
From I-95 take East Atlantic Avenue drive to 307 East on the north side of the street.
Property Description
Luigi's Coal Oven Pizza

Financial Information

Tax Annual Amount
41879
Tax Year
2017
Tax Assessed/SOH Value
1949169
Tax Legal Description
TOWN OF DELRAY LT 6 & S 9.85 FT OF E .27 FT OF LT 7 BLK 92
Assessor Market Value
1949169

Status Change Information

Major Change Timestamp
2018-12-21T01:18:38Z
Major Change Type
Status Change
Price Change Timestamp
2018-10-13T23:00:00Z
Status Change Date
2019-01-04
Under Contract Date
2018-10-29
Close Date
2018-12-20
Close Price
5500000
Buyer Financing
Cash

More Information

Building and Property Details

Improvement Height
1 Story

Short Sale Details

Short Sale Addendum
No

Concessions

Seller Concessions
No

Price Calculations

Original List Price To Close Price
0.95

Section Details

Parcel Number MLX
0060

Originating Details

Originating System Key
489999851
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
FLL

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes
Concrete
Yes

Parking Features

Common
Yes
On Street
Yes

Property Condition

Resale
Yes

Documents Available

Drawings
Yes
Owner Managed
Yes

Structure Type

Warehouse
Yes

Possession

Negotiable
Yes

Business Type

Bar/Tavern/Lounge
Yes
Commercial
Yes
Restaurant
Yes

Roof

Tar/Gravel
Yes

Income and Expenses

Inc/Exp Statement Period
No

Source Of Expenses

Owner Provided
Yes

Showing Requirements

Appointment Only
Yes

Contingencies

Inspection
Yes
Listing Office: Biz Realty
IDX
Last Updated: March - 02 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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