650 Congress Ave Delray Beach, FL 33445
High-yield Regions Bank investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $3,860,000 asking price for a 9,488 SF retail property.
- Regions Bank occupies the single-tenant building with a lease expiring February 28, 2025.
- The property boasts a 10.96% cap rate and a $423,134 NOI.
- Located at 650 N Congress Ave, Delray Beach, FL, on a 0.91-acre lot, in a high-traffic area.
- Features a two-story building with 3% annual rent bumps and a fee-simple ownership.
Property Details for 650 Congress Ave
- Property type
- Retail properties, Banks
- Square Feet
- 9,488 SF
- Year Built
- 1982
- Stories
- 2
- Lot Size (sq. ft)
- 39,640 SF
Location Insight
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.4722907
- Longitude
- -80.0925577
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Regions Bank investment.
- Where is the retail property located?
- The property is located at 650 Congress Ave Delray Beach, FL.
- What is the asking price?
- The asking price for this property is $3,860,000.
- What are key features of this property?
- This property features: $3,860,000 asking price for a 9,488 SF retail property.; Regions Bank occupies the single-tenant building with a lease expiring February 28, 2025.; The property boasts a 10.96% cap rate and a $423,134 NOI.
- How can I contact the broker?
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