1965 Congress AveWest Palm Beach, FL 33406

Property Details for 1965 Congress Ave

Year built

1958

Construction

CONCRETE

Lot size

0.62 AC

Property size (Sq ft)

1,764 SF

Zone code

CG

Property type

Retail properties

Property subtype

Auto shops

APN

70-43-44-07-02-003-0080

APU

70434407020030080

Description

This exceptional 3,730 square foot auto repair shop presents a unique leasing opportunity in the vibrant Palm Springs submarket of Palm Beach County. Strategically located at 1965 S Congress Ave, this single-tenant property boasts unparalleled visibility on a high-traffic thoroughfare, ensuring consistent customer flow. The facility is a true turnkey operation, featuring a welcoming front office space perfect for customer service and administrative tasks. Three service bays, each equipped with lifts, are ready to handle a diverse range of automotive repair and maintenance services. An additional covered service area, complete with a separate lift under a covered shed, provides ample space for larger projects or additional vehicle servicing. A dedicated back tire storage shed offers secure storage for tires and supplies. The property also benefits from ample parking, a significant advantage in a high-traffic area. The CG zoning designation allows for continued operation as an auto repair facility. The property's location, surrounded by residential communities and businesses, guarantees a steady stream of potential customers. This is an exceptional opportunity for an established automotive business or an entrepreneur looking to launch a thriving enterprise in a prime Palm Beach County location. The property's address is 1965 S Congress Ave, and its APN is 70434407020030080.

• CAP approach

  CAP return

  Valuation

  6%

  $666,370

  6.5%

  $615,110

  7%

  $571,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,588

  Geo Method

  $1,236,588

• Alternative Use

  Use

  Valuation

  Residential

  $518,869

  Hospitality

  $475,281

  Educational

  $395,428

  Medical

  $409,028

  Retail

  $615,110

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.648

Longitude

-80.0885

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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