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    3001 Congress Ave Palm Springs, FL 33461

    Sponsored
    For Sale
    $1,600,000

    11-Unit Retail Building, High Traffic Area

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,700 square foot retail property, located at 3001 S Congress Avenue in Palm Springs, Florida, presents a compelling investment opportunity. The free-standing building, constructed in 1972 and recently renovated in 2024, boasts 11 individual units, ideally suited for a variety of retail businesses. Its prime location on busy Congress Avenue, with an average annual daily traffic count of 46,000 vehicles, ensures high visibility and accessibility. The property benefits from its proximity to numerous national retail chains, including Dunkin' Donuts, Denny's, Walgreens, CVS, AutoZone, McDonald's, Chili's, Wingstop, Bank of America, and Publix Supermarket, creating a strong synergy and attracting a substantial customer base. Ample parking is available on-site. The asking price for this well-positioned retail investment is $1,600,000. The property's strategic location and established tenant base make it an attractive prospect for investors seeking a stable and potentially high-return investment in a thriving commercial area. The building was originally designed as a salon suite, offering versatile space adaptable to various retail uses. This property is situated in Palm Beach County, Florida, with a zip code of 33461.

    Property Features for 3001 Congress Ave

    General Information

    Property type
    Retail properties
    Square Feet
    1,700 SF

    Building Details

    Year Built
    1972
    Units
    11

    HighLights

    • $1,600,000 asking price.
    • 1,700 square foot retail building.
    • Eleven (11) units.
    • Built in 1972, renovated in 2024.
    • Located at 3001 S Congress Avenue, Palm Springs, FL 33461.
    • Free‑standing building with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0889028
    Latitude
    26.6327134

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    FAQs

    What type of property is this?
    Retail property - 11-Unit Retail Building, High Traffic Area
    Where is this retail property located?
    The property is located at 3001 Congress Ave Palm Springs, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 1,700 square foot retail building.; Eleven (11) units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3001 Congress Ave Palm Springs, FL 33461
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