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319 NE 3rd Avenue, Delray Beach, Florida

RESTAURANT SPACE FOR LEASE OR SALE

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PRIME RESTAURANT OPPORTUNITY

Shell Condition · 1,832 SF Ground Floor + 850 SF Potential Covered Rooftop Bar · Site Plan Approved

Sale Price
$2,400,000
Lease Rate
$80.00 PSF NNN

Property Details

  • Ground Floor: 1,832 SF
  • Potential for Rooftop Bar & Seating: 850 SF
  • Condition: Shell
  • Site Plan: Approved Restaurant Use
  • Architectural Plans: Available Upon Request

Highlights

  • Located in Delray’s vibrant Pineapple Grove and NE 3rd Ave Arts District
  • Ability to create a covered rooftop bar
  • City-approved site plan – streamlined permitting
  • Walking distance to Atlantic Ave dining corridor
  • Purchase outright or NNN lease
  • Affluent Delray Beach market with strong foot traffic

Location, Location, Location!

One of South Florida’s top dining & entertainment markets in Downtown Delray Beach Blocks from Atlantic Ave, Pinapple Grove & within NE 3rd Ave Arts District. Property is located between Segrato Italian Restaurant, Glimmer Cafe & across from a brand new Steakhouse.

Property Features

  • Space: 1st Floor
  • Total Space: 1,832 SF
  • Term: Negotiable
  • Rental Rate: $80.00 / SF / Year
  • Rental Type: Triple Net (NNN)
  • Year Built: 1950
  • Parking Ratio: 1.64 / 1,000 SF
Space Use restaurant:
Space is in SHELL condition. Site plan approved for a restaurant. Full architectural plans available upon request. Ground floor is 1832 SF plus the ability to add an 850 SF covered rooftop bar, as per the site plan approvals. TOTAL SF = 2682 Asking $80 psf, NNN Tenant pays insurance, taxes, electric, water, etc.
Condition Full Build-Out:
  • Lease rate does not include utilities, property expenses, or building services
  • Located in-line with other restaurant

Downtown Delray Visitor Traffic

(DDA Visitor Profile)

A Delray Beach DDA visitor profile (built from 2019–2020 cell phone location data) reports ~511,000 visitors staying ~1.47 million days in 2019, or ~4,075 visitors on an average day (2019).

PINEAPPLE GROVE ART DISTRIC + CULTURICAL ANCHORS

Pineapple Grove is described as a “charming enclave” just off Atlantic Avenue, featuring boutiques, bistros, art galleries, salons, and spas, plus public art and Artists Alley.
The Delray CRA notes the Northeast ThirdAvenue Project was completed (ribbon cutting Nov. 15, 2022), delivering streetscape + infrastructure improvements and stronger pedestrian connections to restaurants, workspaces, and local businesses. CLICK HERE for Pineapple Grove district overview + project completion details.

GROWTH & DEVELOPMENT (POPULTAION + REINVESTMENT)

Palm Beach County’s 2023 Population Allocation Model projects Delray Beach growing from 67,000(2022) to 85,477(2025) (and countrywide to 1809,200 by 2025).

MORE ABOUT DELRAY BEACH

The City of Delray Beach highlights the USA TODAY 10 Best (2024) voted Delray Beach the #1 Best Beach in Florida, and that Atlantic Avenue was recognized as one of America’s “10 Great Shopping Streets” (per the City’s release). CLICK HERE for the City’s accolades/news post.

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