2424 Congress AveWest Palm Beach, FL 33409

Property Details for 2424 Congress Ave

Year built

1981

Construction

CONCRETE

Lot size

1.03 AC

Property size (Sq ft)

12,050 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

00-43-43-29-04-000-0010

APU

434329040000010

Description

This exceptional 12,050 square foot retail space, located at 2424 N Congress Avenue, presents a unique investment opportunity. The single-tenant property is zoned CG and features a convenient location just two minutes from Downtown West Palm Beach's vibrant business district. Enjoy easy access to key amenities including the West Palm Beach Train Station, Brightline, Clematis Street, and Rosemary Square. The high-traffic area ensures excellent visibility and lead generation for your business. Surrounding the property are numerous entertainment and retail destinations, such as the Kravis Center, Palm Beach Outlets, Nordstrom Rack, Drive Shack, car rental agencies, and Best Buy, all within a five-minute drive. The property boasts 24-hour access and a security system, along with on-site property management. A smaller, 672 square foot space is also available for office or store use, with a monthly rent of $1,900, a $1,900 security deposit, and a $1,900 last month's rent. The first month's rent is free, and no credit score is required. The property's APN is 00434329040000010. This is an ideal location for businesses seeking high visibility and convenient access to a thriving urban center. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $4,107,262

  6.5%

  $3,791,318

  7%

  $3,520,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,447,214

  Geo Method

  $8,447,214

• Alternative Use

  Use

  Valuation

  Residential

  $3,198,119

  Hospitality

  $2,929,460

  Educational

  $2,437,276

  Medical

  $2,521,098

  Retail

  $3,791,318

Location Insight

City

West Palm Beach

County

Palm Beach

State

Florida

Latitude

26.6922

Longitude

-80.0863

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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