3818 Congress AvePalm Springs, FL 33461

Property Details for 3818 Congress Ave

Lot size

0.47 AC

Zone code

CG

Property type

Commercial land

APN

70-43-44-20-01-103-0030

APU

70434420011030030

Description

This exceptional 20,390-square-foot commercial land parcel presents a remarkable development opportunity in Palm Springs, Florida. Located at 3818 S Congress Ave, this strategically positioned site boasts 160 linear feet of frontage on Congress Avenue, a major thoroughfare experiencing over 43,000 vehicles daily. The property benefits from a signalized intersection, providing excellent visibility and accessibility. With a depth of 131 feet, the lot offers ample space for a variety of commercial developments. The CG Commercial zoning allows for diverse uses, capitalizing on the area's robust retail environment. Major retailers such as Aldi, Publix, Walmart, and numerous others are located nearby, ensuring a strong customer base. The site's high-density location is further enhanced by its proximity to Palm Beach State College, Florida's fifth-largest college, with over 35,999 students just 0.5 miles away. Within a one-mile radius, the property is surrounded by a population exceeding 17,900 residents, and 6,814 households. The average household income within this radius surpasses $54,269, indicating strong purchasing power. This vacant lot is ready for immediate repositioning, presenting a unique chance to build upon the existing commercial success of the area. The asking price is $839,000, translating to $41 per square foot. This represents a compelling investment in a thriving Florida market.

• Alternative Use

  Use

  Valuation

  Residential

  $6,448,624

  Hospitality

  $5,906,904

  Educational

  $4,914,475

  Medical

  $5,083,492

  Retail

  $7,644,739

Location Insight

City

Palm Springs

County

Palm Beach

State

Florida

Latitude

26.6197

Longitude

-80.0887

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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