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Property profile & analytics
FOR SALE
Commercial land

3818 S Congress Ave Palm Springs, FL 33461

0.47 ac lot
Entity Owned 12-yr Hold Free & Clear
Property ID
US18-1241947
Property summary
AI-generated overview

This exceptional 20,390-square-foot commercial land parcel presents a remarkable development opportunity in Palm Springs, Florida. Located at 3818 S Congress Ave, this strategically positioned site boasts 160 linear feet of frontage on Congress Avenue, a major thoroughfare experiencing over 43,000 vehicles daily. The property benefits from a signalized intersection, providing excellent visibility and accessibility. With a depth of 131 feet, the lot offers ample space for a variety of commercial developments. The CG Commercial zoning allows for diverse uses, capitalizing on the area's robust retail environment. Major retailers such as Aldi, Publix, Walmart, and numerous others are located nearby, ensuring a strong customer base. The site's high-density location is further enhanced by its proximity to Palm Beach State College, Florida's fifth-largest college, with over 35,999 students just 0.5 miles away. Within a one-mile radius, the property is surrounded by a population exceeding 17,900 residents, and 6,814 households. The average household income within this radius surpasses $54,269, indicating strong purchasing power. This vacant lot is ready for immediate repositioning, presenting a unique chance to build upon the existing commercial success of the area. The asking price is $839,000, translating to $41 per square foot. This represents a compelling investment in a thriving Florida market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.47 ac (20,390 SF)
Zoning code CG
APN 70-43-44-20-01-103-0030
UPID US18-1241947
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
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
by Request
Owner & transaction history
Bismiallah Ents INC · 12 yrs held
Bismiallah Ents INC
since 2014
2 recorded transactions
2014
Price N/A
2005
$410,000
Zoning & alternative use
CG · Palm Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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