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3001 Congress Ave Palm Springs, FL 33461-2131

OFF-MARKET Turn key restaurants Google Maps
1,700 SF 0.29 ac lot Built 1972
Entity Owned ~ Est. High Equity
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US18-2997222

Property summary

AI-generated overview

This exceptional 1,700 square foot retail property, located at 3001 S Congress Avenue in Palm Springs, Florida, presents a compelling investment opportunity. The free-standing building, constructed in 1972 and recently renovated in 2024, boasts 11 individual units, ideally suited for a variety of retail businesses. Its prime location on busy Congress Avenue, with an average annual daily traffic count of 46,000 vehicles, ensures high visibility and accessibility. The property benefits from its proximity to numerous national retail chains, including Dunkin' Donuts, Denny's, Walgreens, CVS, AutoZone, McDonald's, Chili's, Wingstop, Bank of America, and Publix Supermarket, creating a strong synergy and attracting a substantial customer base. Ample parking is available on-site. The asking price for this well-positioned retail investment is $1,600,000. The property's strategic location and established tenant base make it an attractive prospect for investors seeking a stable and potentially high-return investment in a thriving commercial area. The building was originally designed as a salon suite, offering versatile space adaptable to various retail uses. This property is situated in Palm Beach County, Florida, with a zip code of 33461.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Construction WOOD
Total area 1,700 SF
Lot 0.29 ac (12,759 SF)
Zoning code CG
APN 70-43-44-18-02-000-0510
UPID US18-2997222

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$300k

Owner & transaction history

since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2019
$405,000

Zoning & alternative use

CG · Palm Springs, FL
Zoning description

It is the purpose of the CG commercial general land development district to provide lands within the village for a wide range of goods and commercial services that serve a consumer market that may extend beyond municipal…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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