4400 Congress AveWest Palm Beach, FL 33407

Property Details for 4400 Congress Ave

Year built

1986

Construction

CONCRETE

Lot size

2.29 AC

Property size (Sq ft)

42,499 SF

Zone code

CPD

Property type

Office properties

Property subtype

Office buildings

APN

74-43-43-06-06-000-0030

APU

74434306060000030

Description

Congress Center North offers ±3,320 square feet of traditional office space in a two-story, Class B building (42,499 total square feet) constructed in 1986 and renovated in 2001. Located in West Palm Beach, Palm Beach County, this multi-tenant property boasts convenient access to I-95 at 45th Street, providing an easy commute to area amenities, including Downtown West Palm Beach, Palm Beach International Airport, and several major hospitals. The building features recent common area upgrades, covered parking, and professional ownership and management. The property is zoned CPUD and has an APN of 74-43-43-06-06-000-0030. Building signage opportunities are available, and an improvement allowance may be offered to qualified tenants. The estimated 2024 common area maintenance (CAM) charge is $13.60 per square foot, in addition to base rent. Immediate occupancy is available. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of businesses. The building includes elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $12,399,045

  6.5%

  $11,445,272

  7%

  $10,627,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,822,372

  Geo Method

  $11,822,372

• Alternative Use

  Use

  Valuation

  Residential

  $14,192,138

  Hospitality

  $12,999,922

  Educational

  $10,815,782

  Medical

  $11,187,754

  Retail

  $16,824,550

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.7554

Longitude

-80.0869

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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