1333 N Congress Ave - Restaurant FOR SALE


Boynton Beach, FL 33426- Outer Boynton Beach
$4,750,000 USD
786-522-7009
1333 N Congress Ave, Boynton Beach, FL for Sale
$4,750,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

1333 N Congress Ave
Boynton Beach, FL 33426
Outer Boynton Beach


HIGHLIGHTS

  • Re-Tenant / Redevelopment Opportunity
  • Highly Visible - Frontage on N Congress Ave – 40,000+ VPD
  • Flexible Zoning – Wide Range of Allowed Uses - Approved for Medical Marijuana Dispensary With Zoning Letter in Hand
  • Strong Residual Value – 8,600+ SF Second Generation Restaurant
  • Located In Boynton Beach’s Dense Primary Retail Corridor
  • Dense Infill Population – 260,000+ Residents in a 5 MI Radius of Subject W/ $89,000+ AHHI

OVERVIEW

Marcus & Millichap is pleased to present a prime investment opportunity with a well-located retail property in Boynton Beach, Florida. Situated at 1333 N Congress Ave, this property is a second-generation restaurant consisting of 8,627 gross leasable SF on an oversized 1.69-acre parcel. Positioned within the Community Commercial (C-3) zoning district, the asset benefits from flexible zoning that supports a broad range of retail and commercial uses. The site's strategic location on N. Congress Ave has exposure to 40,000+ VPD. It also sits adjacent to Boynton Beach Mall and in the center of the area’s primary retail corridor. The subject is positioned in a very dense sector of Boynton Beach, with its surrounding population having over 260,000 residents with an AHHI of over $89,000 within a 5 MI radius. In addition to its appeal as a second-generation restaurant or redevelopment, the property is approved for a medical marijuana dispensary site with zoning verification letter in hand. Its sizeable 8,627 SF of GLA allows flexibility to subdivide the space, catering to multiple tenants, which could optimize rental income and diversify tenant risk. This investment opportunity offers a well-situated retail asset with substantial potential for re-tenanting or redevelopment. The property's strategic position and flexible zoning within a densely populated retail area provide a solid investment opportunity.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$551 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Bru's Room

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

C-3, Boynton Beach

APN/PARCEL ID

08-43-45-19-05-015-0020

ASK ABOUT THIS PROPERTY

Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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Scott SandelinThe Sandelin GroupMore Info
786-522-7009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.