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Property profile & analytics
FOR SALE
Strip malls

2424 N Congress Ave West Palm Beach, FL 33409

12,050 SF 1.03 ac lot Built 1981
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US18-1266640
Property summary
AI-generated overview

This exceptional 12,050 square foot retail space, located at 2424 N Congress Avenue, presents a unique investment opportunity. The single-tenant property is zoned CG and features a convenient location just two minutes from Downtown West Palm Beach's vibrant business district. Enjoy easy access to key amenities including the West Palm Beach Train Station, Brightline, Clematis Street, and Rosemary Square. The high-traffic area ensures excellent visibility and lead generation for your business. Surrounding the property are numerous entertainment and retail destinations, such as the Kravis Center, Palm Beach Outlets, Nordstrom Rack, Drive Shack, car rental agencies, and Best Buy, all within a five-minute drive. The property boasts 24-hour access and a security system, along with on-site property management. A smaller, 672 square foot space is also available for office or store use, with a monthly rent of $1,900, a $1,900 security deposit, and a $1,900 last month's rent. The first month's rent is free, and no credit score is required. The property's APN is 00434329040000010. This is an ideal location for businesses seeking high visibility and convenient access to a thriving urban center. The lot size is not specified.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction CONCRETE
Total area 12,050 SF
Lot 1.03 ac (44,649 SF)
Zoning code CG
APN 00-43-43-29-04-000-0010
UPID US18-1266640
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
  • Dentist Dental Office
  • CHURCH OF AMBASSADORS OF JESUS-CHRIST.INC Church
  • A & M Discount Beverage (Bike/Boat/Book/etc) Store Bar & Pub
  • Lotus Massage Spa Alternative Medicine Practice Spa & Massage Center
  • Secret Obsessions (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.72M
Owner & transaction history
Providence Tax Services INC · 13 yrs held
Providence Tax Services INC
since 2013
3 recorded transactions
2013
$1.4M
2005
Price N/A
2002
$587,000
Zoning & alternative use
CG · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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