Technical
Financial
Distress signals
Property profile

3818 S Congress Ave Palm Springs, FL 33461

FOR SALE
Commercial land
Property ID
US18-1241947
0.47 ac lot
Entity Owned 12-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

3818 S Congress Ave Palm Springs, FL 33461
Palm Springs metro Census 4500 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2005
$410,000

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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