Technical
Financial
Distress signals
Property profile

601 N Congress Ave Boynton Beach, FL 33435

FOR LEASE
Outlet malls
Property ID
US18-3784883
37,376 SF 4 ac lot Built 1987
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18,786-square-foot freestanding retail building presents a unique opportunity for a single tenant in the thriving Boynton Beach market. Located at 601 N Congress Avenue, this property boasts high visibility and accessibility, situated in Palm Beach County, Florida, with a zip code of 33435. The entire building is currently vacant, offering a blank canvas for a discerning business to establish its presence. The property's single-tenant occupancy ensures complete control and customization for the lessee. Its substantial square footage allows for a wide range of retail concepts, from large-format stores to expansive showrooms. The building's prominent location on Congress Avenue guarantees significant foot traffic and exposure to a dense population base. This is an ideal opportunity for a business seeking a high-impact location with ample space to grow and thrive. The property is classified as retail and is a freestanding building, offering excellent branding and visibility opportunities. The address is easily accessible and well-suited for both customers and employees. This prime location in Boynton Beach, Florida, offers a strong potential for return on investment. Serious inquiries are encouraged to explore this exceptional retail space. The property is ready for immediate occupancy.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1987
Construction CONCRETE
Total area 37,376 SF
Lot 4 ac (174,240 SF)
Zoning code C3
APN 08-43-45-19-05-015-0050
UPID US18-3784883

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

601 N Congress Ave Boynton Beach, FL 33435
Boynton Beach metro Census 6012 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.03M

Owner & transaction history

since 2019
1 recorded transaction
2019
$7.0M

Zoning & alternative use

C3 · Boynton Beach, FL
Zoning description

the words "commercial district" or "commercial zoning district" are used, they are construed to include any or all of the following zoning districts: C-1 office and professional commercial; C-2 neighborhood commercial; C…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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