1300 Old Congress Avenue, West Palm Beach, FL
SINGLE_FAMILY - West Palm Beach, FL
- Added:
- Apr 27, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 15 at 6:06 am
Property Features for 1300 Old Congress Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- MUPD
- Parking
- 20
- Parking features
- Offsite, Assigned
- Standard status
- Active
- 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
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 agent Troy Maleyko License #3583569 (561) 831-8202
Listing office Illustrated Properties LLC (Co 2725 PGA Blvd., Palm Beach Gardens, FL (561) 626-7000
Listing date Apr 27, 2026
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.
HighLights
- Rare 5,245 SF freestanding office building in a growing area.
- 100% occupancy providing stable income.
- Excellent visibility and 20 parking spaces.
- Located across from the planned Westgate Village redevelopment.
- Convenient access to I‑95, PBIA, Belvedere Rd, and Downtown WPB.
- Strong positioning and long‑term upside potential.
Overview
The building is located on Old Congress Avenue in West Palm Beach, with convenient access to I-95, PBIA, Belvedere Rd, and Downtown West Palm Beach. It is positioned directly across from the planned Westgate Village redevelopment, formerly the Palm Beach Kennel Club, where expected residential, retail/commercial, infrastructure, and streetscape improvements are anticipated.
With its stand-alone configuration, strong signage/visibility profile, and practical access to major routes, this asset may appeal to investors seeking a scarce office option in a growing western expansion area. The zoning is listed as MUPD, offering flexibility for appropriate office use under local requirements, while the surrounding redevelopment context could support continued tenant and buyer interest over time.
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.08597
- Latitude
- 26.696291
