2112 Congress AvePalm Springs, FL 33406

Property Details for 2112 Congress Ave

Year built

1981

Construction

CONCRETE

Lot size

1.64 AC

Property size (Sq ft)

24,018 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

70-43-44-17-05-001-0020

APU

70434417050010020

Description

Cedar Square, a beautifully remodeled two-story office building in West Palm Beach, offers 23,575 square feet of Class B space. Located on Congress Avenue, near Forest Hill Boulevard and just five minutes west of I-95, this property boasts high visibility and ample surface parking. The building underwent a complete renovation in 2022, including lobby and common area upgrades (paint, flooring, lighting, and artwork), updated bathrooms with quartz countertops, new signage, enhanced security features (cameras, timed access, FOB access), exterior improvements, and landscaping enhancements. Available spaces range from 1,129 to 3,125 square feet, suitable for both medical and traditional office uses. Monument signage is available, and move-in-ready spec suites and customizable spaces are offered. The building is conveniently located minutes from the airport, Downtown West Palm Beach, and area hospitals, making it an ideal location for businesses seeking a central and accessible location in Palm Beach County. The property features a new elevator motor and cab remodel coming soon. This is a prime opportunity for businesses seeking a modern, well-maintained office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,172,146

  6.5%

  $5,697,365

  7%

  $5,290,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,681,327

  Geo Method

  $6,681,327

• Alternative Use

  Use

  Valuation

  Residential

  $7,064,733

  Hospitality

  $6,471,258

  Educational

  $5,384,010

  Medical

  $5,569,174

  Retail

  $8,375,127

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6455

Longitude

-80.0875

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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