4400 Congress Ave West Palm Beach, FL 33407

This exceptional two-story, 41,861 square foot medical office building in West Palm Beach, Florida, presents a compelling investment opportunity. Located at 4400 N Congress Ave, 33407, this Class B property boasts a prominent corner location, offering excellent visibility and accessibility. The building, constructed in 1986 and renovated in 2015, sits on a 2.29-acre lot and features ample parking (4.1 spaces per 1,000 sq ft), including both surface and covered options. Currently operating under a Net Lease structure with a corporate guarantee, the multi-tenant building houses eight tenants, with an occupancy rate of 40.82% and a Net Operating Income (NOI) of $544,807. The asking price is $9,000,000, translating to $215 per square foot. A significant portion of the building (approximately 21,452 square feet) is currently available, presenting a unique owner-user opportunity. The property benefits from a recession-resistant tenant base, demonstrating 100% collection rates even during the COVID-19 pandemic. Its strategic location, a block south of HCA Florida JFK North Hospital and the I-95 on-ramp, ensures high visibility and convenient access to major transportation arteries and other medical facilities. The building's roof, replaced in 2015, is under warranty until 2035. The property is zoned CPUD and offers prominent signage along Congress Avenue and Lombard Street. This offering presents a rare chance to acquire a well-maintained, high-performing medical office building in a thriving market, well below replacement cost.