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$1,500,000 USD 5.3% Reduced $100,000

$1,500,000
5.3% Reduced $100,000

8,169 Sqft | 0.75 Acres Disagree?

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3444 S Congress Avenue

Palm Beach County and the Treasure Coast Commercial Properties

$1,500,000
5.3% Reduced $100,000

8,169 Sqft | 0.75 Acres

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Property Highlights

  • MLS# : RX-10780119
  • Listing Type : Commercial
  • Year Built : 1977
  • Complex : Model Land Co
  • View Property History
  • Status : Closed
  • Total Area : 8,169 sqft ($221/sqft)
  • Days on Market : 758
  • Property Type : Other
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Property Details

Free standing single story office building with well established tenant in place. Buyer MUST be willing to buy with the current tenant in place until November 2026. Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.

General Information
  • Acres: 0.75
  • Flooring: Other
  • Roof: Built-Up, Tar/Gravel
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Fees and Taxes
  • Tax Amount: $19,544
  • Tenant Pays: Janitorial Service
  • Tax Year: 2021
  • Tax Year: 2021

Listing Courtesy of Coastal Real Estate Co.

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Jeff Lichtenstein's Echo Fine Properties

Echo Fine Properties

C 561-500-ECHO

O 561-500-ECHO

F 561-277-2500

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Jeff Lichtenstein's Echo Fine Properties

ECHO FINE PROPERTIES

C 561-500-3246

O 561-500-3246

F 561-277-2500

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