3818 S Congress Ave Palm Springs, FL 33461
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Palm Springs, FLPalm Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.