Delray Beach’s Buddha Sky Bar is for sale.
The 11,500-square-foot, three-story restaurant and night club is on the market for $24.5 million, which equates to a $2,130 price per square foot. It is located at 217 E. Atlantic Ave.
Commercial real estate investment services firm Marcus & Millichap has been selected to exclusively market for sale Buddha Sky Bar.
“Buddha Sky Bar is the only three-story restaurant with views of Atlantic Avenue in Delray Beach, where restaurant space downtown commands a premium due to limited supply,” said Marc E. Strauss, a Marcus & Millichap first vice president investments in the firm’s Fort Lauderdale office. “The seller will lease back the second and third floors for ten years and master lease the first floor for one year from the close of escrow. The property presents a great opportunity for an investor to place their restaurant business or tenant in the ground floor space while benefiting from a period of guaranteed income.”
Strauss is representing the seller. For more information, contact Marc E. Strauss at (954) 245-3500.