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Property profile & analytics
OFF-MARKET Estimated value $605,000
Drive through restaurants

1701 Congress Ave Boynton Beach, FL 33426-6500

4,365 SF 1.33 ac lot Built 2021
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US18-7753720
Property summary
AI-generated overview

Catalina Centre, a vibrant 152,576 square foot shopping center, presents a unique investment opportunity in Boynton Beach, Florida. Strategically located at the southeast quadrant of Gateway Boulevard and Congress Avenue, this single-story center boasts exceptional visibility and accessibility. The property offers a diverse range of spaces, with a minimum divisible unit of 800 square feet and a maximum contiguous space of 50,000 square feet, catering to various business needs. Current tenants include a mix of established businesses and exciting new additions, such as Sky Zone (currently open), EOS Fitness (opening soon), Salons By JC (currently open), Blue Cross Blue Shield, McDonald's, IHOP, and Weight Watchers, creating a strong and diverse tenant mix. The center benefits from 1250 feet of frontage along Congress Avenue, ensuring high traffic and visibility. Furthermore, planned upgrades and renovations to the building's façade will enhance its appeal and attract new tenants. This property is zoned for commercial use and is situated in a densely populated and heavily trafficked area, promising strong returns on investment. The diverse tenant mix, including restaurant, junior anchor, anchor, outparcel, office, retail, medical, daycare, and school uses, makes this a truly versatile and attractive commercial property. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving market.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2021
Construction CONCRETE
Total area 4,365 SF
Lot 1.33 ac (58,000 SF)
Zoning code C3
APN 08-43-45-31-17-002-0020
UPID US18-7753720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • McDonald's - NEW LOCATION (next to Walgreen's) NOW OPEN Restaurant Take-out & Catering
  • McDonald's Restaurant Take-out & Catering
  • World Famous Boynton Beach Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$777k
Blend (final) Blend
$605k
Owner & transaction history
Woolbright Plaza Assocs LLC · 12 yrs held
Woolbright Plaza Assocs LLC
since 2013
2 recorded transactions
2013
Price N/A
1969
Price N/A
Zoning & alternative use
C3 · Boynton Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C-3 community commercial; C-4 general commercial; CBD central business district; and PCD planned commercial development. CODE 1958 - Any refe…

Zone name Community Commercial
General category COMMERCIAL
Zone area 414.93 ac
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