Listed by Illustrated Properties Jupiter, BluEdge Professional Real Estate
$2,999,000
1300 Old Congress Avenue
Details
APN 00434329200000030
Property Type Office, Retail
Sub Type Traditional Office, Storefront
Square Footage 5,245
Net Rentable (SqFt) 5,245
Units 4
Cap Rate 6.12%
NOI $183,575
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class B
Year Built 1987
Year Renovated 2020
Buildings 1
Stories 2
Acreage 0.240
Zoning MUPD
Parking Spaces 20 spaces
Parking Per SqFt 3.81
Investment Type Stabilized
Rare WPB office asset with stable income potential , strong parking, and major redevelopment upside.
Marketing description
Rare 5,245 SF freestanding office building along the growing Congress Avenue corridor in West Palm Beach. This two-story property offers excellent visibility, 20 parking spaces, 100% occupancy, and convenient access to I-95, PBIA, Belvedere Rd, and Downtown WPB. Located directly across from the planned Westgate Village redevelopment, formerly the Palm Beach Kennel Club, with expected residential, retail/commercial, infrastructure, and streetscape improvements. As Downtown West Palm Beach continues expanding west, this scarce stand-alone office asset offers stable income, strong positioning, and long-term upside.
Investment highlights
- * Rare 5,245 SF freestanding office building in West Palm Beach
- * Prime Congress Avenue corridor location with strong visibility and exposure
- * 100% occupied asset providing stable in-place income
- * 20 on-site parking spaces, a valuable feature for office users and tenants
- * Two-story stand-alone building offering flexibility and identity rarely found in the market
- * Strategic access to I-95, Palm Beach International Airport, Belvedere Road, and Downtown West Palm Beach
- * Directly across from the planned Westgate Village redevelopment, formerly the Palm Beach Kennel Club
- * Surrounded by expected area improvements, including new residential, retail/commercial, infrastructure, and streetscape enhancements
- * Positioned in the path of growth as Downtown West Palm Beach continues expanding west
- * Scarce owner-user or investment opportunity with both stable income and long-term upside
- * Strong long-term fundamentals driven by location, visibility, parking, occupancy, and nearby redevelopment activity
Listing Contacts
Listed by Illustrated Properties Jupiter, BluEdge Professional Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,575.00
$15,297.92/mo
Valuation Metrics
0
DSCR
6.12%
Cap Rate
6.12%
ROI
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