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    3818 Congress Ave Palm Springs, FL 33461

    Sponsored
    For Sale
    $839,000

    High-traffic development site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 20,390-square-foot commercial land parcel presents a remarkable development opportunity in Palm Springs, Florida. Located at 3818 S Congress Ave, this strategically positioned site boasts 160 linear feet of frontage on Congress Avenue, a major thoroughfare experiencing over 43,000 vehicles daily. The property benefits from a signalized intersection, providing excellent visibility and accessibility. With a depth of 131 feet, the lot offers ample space for a variety of commercial developments. The CG Commercial zoning allows for diverse uses, capitalizing on the area's robust retail environment. Major retailers such as Aldi, Publix, Walmart, and numerous others are located nearby, ensuring a strong customer base. The site's high-density location is further enhanced by its proximity to Palm Beach State College, Florida's fifth-largest college, with over 35,999 students just 0.5 miles away. Within a one-mile radius, the property is surrounded by a population exceeding 17,900 residents, and 6,814 households. The average household income within this radius surpasses $54,269, indicating strong purchasing power. This vacant lot is ready for immediate repositioning, presenting a unique chance to build upon the existing commercial success of the area. The asking price is $839,000, translating to $41 per square foot. This represents a compelling investment in a thriving Florida market.

    Property Features for 3818 Congress Ave

    General Information

    Property type
    Land

    HighLights

    • Vacant 20,390 SF lot ready for immediate development.
    • High‑density location with over 17,900 residents within one mile.
    • 160' of frontage on Congress Avenue at a signalized intersection, with over 43,000 vehicles daily.
    • CG Commercial zoning.
    • Strong retail presence including Aldi, Publix, Walmart, and other major retailers.
    • 0.5 miles from Palm Beach State College, enrolling 35,999 students.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.088986584684
    Latitude
    26.619563435337

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    FAQs

    What type of property is this?
    Land - High-traffic development site, prime location.
    Where is this land located?
    The property is located at 3818 Congress Ave Palm Springs, FL.
    What is the asking price?
    The asking price for this property is $839,000.
    What are key features of this property?
    This property features: Vacant 20,390 SF lot ready for immediate development.; High-density location with over 17,900 residents within one mile.; 160' of frontage on Congress Avenue at a signalized intersection, with over 43,000 vehicles daily.
    (786) 522-7027
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    3818 Congress Ave Palm Springs, FL 33461
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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
    3818 Congress Ave Palm Springs, FL 33461
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