For Sale
$3,950,000

4889 Congress Ave Lake Worth Beach, FL 33461

High-yield NNN medical office investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This fully leased, 9,672 square foot, two-story medical office building in Lake Worth Beach, Florida presents a compelling investment opportunity. Located at 4889 S Congress Ave, this Class C property boasts a 5.9% cap rate and is situated on a 0.69-acre lot (APN: 70-43-44-30-01-128-0010). The building, renovated in 2023, features a new roof, fresh exterior paint, and enhanced landscaping, representing over $500,000 in recent improvements. Tenants benefit from ample surface parking (40 spaces) and the building's prime location near JFK Medical Center and I-95, ensuring high visibility and convenient access. The property is zoned CN and CG, and offers immediate cash flow due to its 100% occupancy with established medical tenants. This owner/user investment opportunity is priced at $3,950,000 and provides a strong return on investment in a thriving medical market. The building's strategic location within a premier medical hub, coupled with its recent upgrades and high occupancy rate, makes it an attractive prospect for discerning investors seeking a stable and profitable asset. The property's strong tenant base and convenient access to major roadways further enhance its long-term value and potential for growth.

Highlights

  • 100% occupied medical office building generating immediate cash flow.
  • Over $500,000 in recent improvements including a new roof and landscaping.
  • Prime location near JFK Medical Center and I-95, offering high visibility.
  • Ample surface parking with 40 spaces.
  • Situated in a thriving medical hub.
  • Convenient access to I-95 and major roadways.

Property Details for 4889 Congress Ave

Property type
Office properties, Medical offices
Square Feet
9,672 SF
Class
C
Year Renovated
2023
Buildings
1
Stories
2
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Lake Worth Beach
County
Palm Beach
State
Florida
Latitude
26.604379135754
Longitude
-80.089663690568

FAQs

What type of property is this?
Office property - High-yield NNN medical office investment
Where is the office property located?
The property is located at 4889 Congress Ave Lake Worth Beach, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 100% occupied medical office building generating immediate cash flow.; Over $500,000 in recent improvements including a new roof and landscaping.; Prime location near JFK Medical Center and I-95, offering high visibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4889 Congress Ave
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