Five-Building Flex Warehouse
2855-2915 S Congress Ave, Delray Beach, FL 33445
For Sale
Contact for pricing
Flex suites combine front office or showroom space with warehouse areas, including air-conditioned options and grade-level overhead doors.
Property Size104,406 SF
Lot Size9.00 Acres
Price / SF$0.00
Days on Market142
Property Features for 2855-2915 S Congress Ave
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Traffic Count
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Heavy Power
Building Details
Building Size
Year Built
Tenancy
Properties For Sale
at 2855-2915 S Congress Ave Contact us2855 S Congress Ave #C
Size
2,642 SF
Type
Warehouse/Distribution
Term
Negotiable
2875 S Congress Ave #H
Size
2,815 SF
Type
Flex Space
Term
Negotiable
2905 S Congress Ave #F
Size
2,465 SF
Type
Warehouse/Distribution
Term
Negotiable
2905 S Congress Ave Unit GH
Size
4,894 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
Levy Realty Advisors LLC
Listed By:
Loretta Shatto · License FL #3270542
(954) 302-8639
Source:
Levyrealtyadvisors
Added: Jun 24
Changed: Nov 2
Last Checked: Nov 10 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levy Realty Advisors LLC
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Investment Insights
Based on property information with market context.
Delray Corporate Center is a five-building flex warehouse park offering roughly 104,800 square feet of versatile industrial space on over nine acres. The suites are designed with a front blend of office or showroom space and efficient warehouse capabilities at the rear. Many units include fully air-conditioned warehouse areas, along with grade-level overhead doors for straightforward loading and tenant move-in readiness. Warehouse spaces are described as having 18' ceiling heights and a robust 3-phase power supply.
The property is located between Interstate 95 and Congress Avenue in Delray Beach, providing direct access through the corridor serving Boca Raton and Palm Beach County. The asset also features direct frontage along Interstate 95, with remarks citing exposure from over 215,000 VPD. Additional logistics support is referenced through proximity to Palm Beach International Airport and the Port of Palm Beach, along with Tri-Rail service and multiple bus stops.
This configuration supports a range of industrial users that need both workspace and operational capacity in the same suite. The combination of office or showroom frontage and functional rear warehouse areas, plus air-conditioned options in many suites, can be attractive for businesses balancing customer-facing activities with daily distribution or production workflows.
The property is located between Interstate 95 and Congress Avenue in Delray Beach, providing direct access through the corridor serving Boca Raton and Palm Beach County. The asset also features direct frontage along Interstate 95, with remarks citing exposure from over 215,000 VPD. Additional logistics support is referenced through proximity to Palm Beach International Airport and the Port of Palm Beach, along with Tri-Rail service and multiple bus stops.
This configuration supports a range of industrial users that need both workspace and operational capacity in the same suite. The combination of office or showroom frontage and functional rear warehouse areas, plus air-conditioned options in many suites, can be attractive for businesses balancing customer-facing activities with daily distribution or production workflows.
Key Highlights
- Five‑building flex warehouse park with roughly 104,800 SF of industrial space built in 1983.
- Over nine acres located between Interstate 95 and Congress Avenue in Delray Beach.
- Flex suites include front office/showroom with warehouse space; many suites are fully air‑conditioned.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,104,648
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,092,960
$22.1M
Cap Rate 7%
$15,780,686
$15.8M
Cap Rate 9%
$12,273,867
$12.3M
Market Conditions
NOI Build-Up for 104,800 SF
Gross rent
$1.80M $17.16/SF
− Vacancy
−$98.9K −$0.94/SF
EGI
$1.70M $16.22/SF
− OpEx
−$594.8K −$5.68/SF
NOI
$1.10M $10.54/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,092,960
Cap Rate 7%
$15,780,686
Cap Rate 9%
$12,273,867
Alternative Uses
Best Use
Warehouse
$17.37M
$15.20M – $20.27M
NOI $1,215,942 @ 7.0% cap
Second Best
Industrial
$16.16M
$14.14M – $18.86M
NOI $1,131,387 @ 7.0% cap
Theoretical Best
Office A
$73.81M
$64.58M – $86.11M
NOI $5,166,422 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
18 ft
Clear height
215,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Palm Beach County, FL
Properties on Market for Flex space in Palm Beach County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Accurate Tax Services — # 1106, 1353, 7700 Congress Ave, Boca Raton, FL 33487
- Steeles Catering — 2875 S Congress Ave Ste A, Delray Beach, FL 33445
- The Winemakers Table — 2875 s congress ave ste a, delray beach, fl 33445
Frequently Asked Questions
What type of property is this?
Flex space - Flex suites combine front office or showroom space with warehouse areas, including air-conditioned options and grade-level overhead doors.
Where is this flex space located?
The property is located at 2855-2915 S Congress Ave Delray Beach, FL.
What are key features of this property?
This property features: Five‑building flex warehouse park with roughly 104,800 SF of industrial space built in 1983.; Over nine acres located between Interstate 95 and Congress Avenue in Delray Beach.; Flex suites include front office/showroom with warehouse space; many suites are fully air‑conditioned.
