4601 Congress AveWest Palm Beach, FL 33407

  • Healthcare properties
  • 25,352 SF
For Lease

Property Details for 4601 Congress Ave

Year built
1992
Construction
CONCRETE
Lot size
1.18 AC
Property size (Sq ft)
25,352 SF
Zone code
CSPD
Property type
Healthcare properties
Property subtype
Medical offices
APN
74-43-43-06-19-002-0000
APU
74434306190020000

Description

This exceptional medical office building, located at 4601 N Congress Avenue in West Palm Beach, Florida, offers ±24,820 square feet of prime space. Currently, there are multiple suites available, ranging from a minimum of 1,104 square feet to a maximum contiguous space of 2,888 square feet. A total of 7,142 square feet is currently vacant and ready for immediate occupancy. The building is situated on the campus of JFK Hospital North Campus, providing a highly desirable location for medical professionals. Its strategic placement, just one block east of I-95 and near the intersection of 45th Street and Congress Avenue, ensures easy access and high visibility. This West Palm Beach property boasts a convenient location, placing it within minutes of a wide array of shopping, dining, banking, and lodging amenities. The building's address is 4601 N Congress Ave, West Palm Beach, FL 33407, in Palm Beach County. This is a multi-tenant property offering flexible space options to suit various medical practices. The building's prime location and proximity to JFK Hospital North Campus make it an ideal investment opportunity for medical professionals seeking a thriving and accessible location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,396,423
    6.5%
    $6,827,468
    7%
    $6,339,792
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,052,420
    Geo Method
    $7,052,420
  • Alternative Use

    Use
    Valuation
    Residential
    $8,466,060
    Hospitality
    $7,754,865
    Educational
    $6,451,957
    Medical
    $6,673,850
    Retail
    $10,036,377
4601 Congress Ave, West Palm Beach, Florida

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7595
Longitude
-80.0875
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$117,863
$1,625,432
$3,704,132
$5,329,564
-
$1,625,432
$3,704,132
$5,329,564

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