3801 Congress AvePalm Springs, FL 33461

Property Details for 3801 Congress Ave

Year built

1955

Construction

CONCRETE

Lot size

2.51 AC

Property size (Sq ft)

24,189 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

70-43-44-19-20-051-0090

APU

70434419200510090

Description

This exceptional 2.36-acre storefront property at 3801 S Congress Ave, Lake Worth, FL 33461, presents a unique investment opportunity. Boasting 378 feet of frontage on S. Congress Ave, this single-story building offers high visibility and exposure. Originally constructed in 1970 and extensively renovated in 2015, the property features flexible space ranging from 3,500 to 22,500 square feet, currently configured as multi-tenant retail, but easily adaptable to other uses such as office or medical. The property is zoned CG, County, providing versatility for various commercial ventures. Its strategic location offers easy access from I-95 and Florida's Turnpike, further enhancing its appeal. Ample parking is provided with 106 designated spaces. The property also benefits from multiple access points from S. Congress Ave and features a significant advantage with a hard signalized corner location. An on-site emergency generator ensures business continuity. Asking price is $6,000,000. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $6,684,018

  6.5%

  $6,169,863

  7%

  $5,729,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,633,569

  Geo Method

  $6,633,569

• Alternative Use

  Use

  Valuation

  Residential

  $7,650,630

  Hospitality

  $7,007,936

  Educational

  $5,830,520

  Medical

  $6,031,041

  Retail

  $9,069,699

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.62

Longitude

-80.0896

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].