Freestanding Two-Story Office
For Sale
Under Contract
$2,999,000
1300 Old Congress Avenue, West Palm Beach, FL
SINGLE_FAMILY - West Palm Beach, FL
Property Size5,245 SF
Lot Size0.24 Acres
Price / SF$571.78
Days on Market99
Property Features for 1300 Old Congress Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
MUPD
Parking
20
Parking features
Offsite, Assigned
Subdivision
5450
Standard status
Active Under Contract
APN
00434329200000030
Size
5,245 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CONGRESS BUSINESS CENTER MUPD LT 3
Tax Annual Amount
15251
Legal Description
CONGRESS BUSINESS CENTER MUPD LT 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Building materials
Concrete
Listing Agency:
Illustrated Properties LLC (Co
(561) 626-7000
Listed By:
Troy Maleyko · License #3583569
(561) 831-8202
Added: Apr 27
Changed: Aug 1
Last Checked: Aug 3 at 2:06AM
MLS# B26021110
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding two-story office building totaling 5,245 SF on a 0.24-acre site along the Congress Avenue corridor in West Palm Beach. Constructed with concrete materials and built in 1987, the property is served by central heating and central air conditioning. The building has cable available, with public water and public sewer utilities. Parking is provided with 20 spaces, described as offsite and assigned, supporting day-to-day tenant operations. The property is reported as 100% occupied.
Access is positioned for regional connectivity, with convenient access to I-95, PBIA, Belvedere Rd, and Downtown West Palm Beach. The site is located directly across from the planned Westgate Village redevelopment (formerly the Palm Beach Kennel Club), with expected residential, retail/commercial, infrastructure, and streetscape improvements.
With its stand-alone configuration and visibility along a growing commercial corridor, the building offers a single-asset office setup for an owner seeking an occupied, freestanding office facility.
Access is positioned for regional connectivity, with convenient access to I-95, PBIA, Belvedere Rd, and Downtown West Palm Beach. The site is located directly across from the planned Westgate Village redevelopment (formerly the Palm Beach Kennel Club), with expected residential, retail/commercial, infrastructure, and streetscape improvements.
With its stand-alone configuration and visibility along a growing commercial corridor, the building offers a single-asset office setup for an owner seeking an occupied, freestanding office facility.
Key Highlights
- 5,245 SF freestanding two‑story office building on a 0.24‑acre site
- MUPD zoning
- Concrete construction with central heating and central air
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.5k | $55.20 |
| − Vacancy | −$45.7k | −$8.72 |
| EGI | $243.8k | $46.48 |
| − OpEx | −$60.9k | −$11.62 |
| NOI | $182.8k | $34.86 |
5,245 SF · lease $55.20/SF/yr · vacancy 15.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.61M
$2.29M – $3.05M
NOI $182,834 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,568 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Freestanding two-story office building with central HVAC and MUPD zoning, located along the Congress Avenue corridor.
Where is this office building located?
The property is located at 1300 Old Congress Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 5,245 SF freestanding two‑story office building on a 0.24‑acre site; MUPD zoning; Concrete construction with central heating and central air
