601 N Congress Ave - Medical CONDO FOR SALE


Delray Beach, FL 33445
$1,400,000 USD
561-447-8610
601 N Congress Ave, Delray Beach, FL for Sale
$1,400,000 USD
Medical CONDO - FOR SALE
1/33
null | 5.42% Cap Rate

601 N Congress Ave
Delray Beach, FL 33445


HIGHLIGHTS

  • Large corner dentist office containing a full bathroom with a shower
  • 5 functioning operatories with the 6th being all set up for plumbing to be used if needed
  • Dental Lab
  • Washer and Dryer Hookup within storage
  • Breakroom/Kitchen
  • Functioning Generator

OVERVIEW

Atlantic Commercial Group is pleased to exclusively represent this single-tenant, triple-net leased dental office condo leased long-term to a dental group. The 2,329 square foot suite is located at 601 N. Congress Avenue in the Congress commerce center on the corner of Congress & Lake Ida Rd in Delray Beach. The location is in close proximity to I-95 and Downtown Delray Beach. Within a three mile radius of this property, there are over 103,000 people with an average household income exceeding $74,000. Suite 401: Units 719-720 provides an excellent opportunity for any investor to collect a long-term stable income stream while having minimal landlord responsibilities. The condo produces a net income of $75,821.16 with a cap rate of 5.41% at list price of $1,400,000.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$601 USD /SF

CAP RATE

5.42%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triple NNN Leased Medical Office Condo

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

62,597 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

12.48 AC

LAND SF

543,629 SF

ZONING

PCC

APN/PARCEL ID

12-43-46-07-43-001-1030

ASK ABOUT THIS PROPERTY

Michael MandelAtlantic Commercial GroupMore Info
561-447-8610

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Michael MandelAtlantic Commercial GroupMore Info
561-447-8610

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