Technical
Financial
Distress signals
Property profile

600 Congress Ave Delray Beach, FL 33445

OFF-MARKET
Community centers
Property ID
US18-1991632
39,132 SF 7.47 ac lot Built 1980
Entity Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

Lake Ida Plaza, a single-story, 79,242 square foot retail strip center and restaurant space in Delray Beach, Florida, offers exceptional opportunities for businesses seeking high-visibility locations. Built in 1980 and recently renovated, this 7.47-acre property boasts updated building facades, landscaping, lighting, and signage. The center is strategically located at 600 N Congress Ave, Delray Beach, FL 33445, providing excellent visibility and ample parking. Spaces range from a minimum of 1,050 square feet to a maximum contiguous space of 6,200 square feet, making it suitable for a variety of retail and restaurant concepts. The property serves a thriving, year-round population, with over 103,000 people residing within a three-mile radius and an average household income exceeding $74,000. This prime location offers competitive rates for qualified tenants. The property's multiple tenancy structure provides a diverse and vibrant shopping environment.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1980
Construction CONCRETE
Total area 39,132 SF
Lot 7.47 ac (325,393 SF)
Zoning code PC
APN 12-43-46-07-01-001-0204
UPID US18-1991632

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
  • Hardware & Home Improvement HVAC Service
  • Alternative Medicine Practice
  • Gym & Fitness Center
  • Discount Store
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center

Location

600 Congress Ave Delray Beach, FL 33445-3464
Delray Beach metro Census 6607 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.59M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.43M

Owner & transaction history

since 2003
5 recorded transactions
2020
Price N/A
2003
$6.9M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PC · Delray Beach, FL
Zoning description

The Planned Commercial (PC) District provides for the establishment of retail, office, and other commercial activities on large sites in a well-planned, functional, and aesthetically pleasing manner; residential is allow…

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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