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    600 Congress Ave Delray Beach, FL 33445

    Sponsored
    For Lease
    $24 SF/Yr

    Delray Beach, FL Strip Center - 2 Spaces Available

    Lot size:
    79,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lake Ida Plaza, a single-story, 79,242 square foot retail strip center and restaurant space in Delray Beach, Florida, offers exceptional opportunities for businesses seeking high-visibility locations. Built in 1980 and recently renovated, this 7.47-acre property boasts updated building facades, landscaping, lighting, and signage. The center is strategically located at 600 N Congress Ave, Delray Beach, FL 33445, providing excellent visibility and ample parking. Spaces range from a minimum of 1,050 square feet to a maximum contiguous space of 6,200 square feet, making it suitable for a variety of retail and restaurant concepts. The property serves a thriving, year-round population, with over 103,000 people residing within a three-mile radius and an average household income exceeding $74,000. This prime location offers competitive rates for qualified tenants. The property's multiple tenancy structure provides a diverse and vibrant shopping environment.

    Property Features for 600 Congress Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    79,242 SF
    Total Rate
    158484

    Building Details

    Year Built
    1980
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 130
    Size
    1,050 SF
    Rate per SF
    $24
    Space
    Suite 100
    Size
    6,200 SF
    Rate per SF
    $24

    HighLights

    • High traffic count exceeding 40,000 vehicles daily.
    • Attractive, well‑maintained single‑story retail center.
    • Convenient access and egress.
    • Pylon and building signage opportunities available.
    • Competitive rental rates and tenant incentives offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Delray Beach AC ... Air Conditioning Contractor Nittq Joseph J ... Chiropractor Hot Yoga of Delray Physical Fitness Program Dollar General Dollar Store Your Go-to Destination ... Toy Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0935614
    Latitude
    26.4719502

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    FAQs

    What type of property is this?
    Neighborhood center - Delray Beach, FL Strip Center - 2 Spaces Available
    Where is this neighborhood center located?
    The property is located at 600 Congress Ave Delray Beach, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High traffic count exceeding 40,000 vehicles daily.; Attractive, well-maintained single-story retail center.; Convenient access and egress.
    Request Owner's contact information
    600 Congress Ave Delray Beach, FL 33445
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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
    600 Congress Ave Delray Beach, FL 33445
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