3001 Congress Ave Palm Springs, FL 33461-2131
Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Palm Springs, FLIt 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…
Zoning
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Zoning designation
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