601 Congress AveDelray Beach, FL 33445

Property Details for 601 Congress Ave

Year built

2004

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12-43-46-07-43-006-6010

APU

12434607430066010

Description

This exceptional 2,500-square-foot medical office condo is ideally situated in Delray Beach, Florida's Congress Commerce Center, at the corner of Congress Avenue and Lake Ida Road. Located on the first floor, this fully built-out space is immediately available and boasts a highly desirable layout. The property features seven exam rooms complete with plumbing, three private offices, a spacious reception area, a large waiting room, a dedicated x-ray room, three handicap-accessible restrooms, a convenient storage closet, and a staff breakroom. Built in 2004, the building incorporates modern construction with tilt-wall construction, impact glass, and fire sprinklers, ensuring both safety and durability. The property is zoned for medical or general office use, presenting a versatile opportunity for a variety of healthcare or professional businesses. Its prime location and turnkey condition make this a rare find in the competitive Delray Beach market. The asking price is $1,295,000. This vacant, move-in ready space presents an unparalleled opportunity for immediate occupancy and operational efficiency. Don't miss this chance to acquire a high-quality, well-appointed medical office condo in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $13,397,465

  6.5%

  $12,366,891

  7%

  $11,483,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,670,595

  Geo Method

  $11,670,595

• Alternative Use

  Use

  Valuation

  Residential

  $15,334,945

  Hospitality

  $14,046,727

  Educational

  $11,686,712

  Medical

  $12,088,636

  Retail

  $18,179,330

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4707

Longitude

-80.0917

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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