1615 Congress AveDelray Beach, FL 33445

Property Details for 1615 Congress Ave

Year built

1981

Construction

CONCRETE

Lot size

7.19 AC

Property size (Sq ft)

101,006 SF

Zone code

MROC

Property type

Office properties

Property subtype

Office buildings

APN

12-43-46-30-10-001-0000

APU

12434630100010000

Description

This Class A, 13,562 square foot office building, renovated in 2019, offers a variety of flexible workspace options. Located at 1615 South Congress Avenue, Suite 101, Delray Beach, FL 33445, in Palm Beach County, this property features executive suites, coworking spaces, and creative office layouts, catering to diverse business needs. The building boasts 350 suites in total, with 5,970 square feet currently vacant, offering spaces ranging from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet. Multiple tenancy options are available. Amenities include elevators and a state-of-the-art on-site gym. The bright, modern design features premium minimalist décor, including indigo feature walls and lime green chairs, creating an upscale and inspiring work environment. The building's location in Delray Beach provides easy access to art galleries, upscale shops, and high-quality restaurants. This exceptional property presents a unique opportunity for businesses seeking a prestigious and convenient location in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $31,065,756

  6.5%

  $28,676,084

  7%

  $26,627,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,061,528

  Geo Method

  $27,061,528

• Alternative Use

  Use

  Valuation

  Residential

  $35,558,344

  Hospitality

  $32,571,252

  Educational

  $27,098,898

  Medical

  $28,030,872

  Retail

  $42,153,844

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4379

Longitude

-80.0916

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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