Listing Agency: AiCRE Partners

Listed By: Jason Gribin · License #CA 01819611

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:44PM

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Investment Insights

Based on property information with market context.

This bank property is offered for sale at 650 N Congress Ave in Delray Beach, Florida. The building contains 9,488 square feet and is identified with a 9.00% capitalization rate. The property is associated with the Regions Bank name and is classified within the Banks asset category.

Key Highlights

• 9.00% CAP
• 9,488 SqFt building
• 650 N Congress Ave, Delray Beach, FL 33445

Property Analytics

Property Profile

Current Use

Durocher Adele Insurance Agency LAKE IDA PLAZA Shopping Center & Mall Regions Bank Bank ATM (Regions Bank) Atm Western Union Bank

Suggested Use

Top Pick Nail Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store Hair Salon Locksmith Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,004

Businesses Nearby

10k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,382 visits/mo 0.1 miles

Kwik Stop Shops & Services

3,309 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Bank property offered for sale in Delray Beach, Florida.

Where is this bank located?

The property is located at 650 N Congress Ave Delray Beach, FL.

What are key features of this property?

This property features: 9.00% CAP; 9,488 SqFt building; 650 N Congress Ave, Delray Beach, FL 33445