3008 S Congress Ave

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3008 S Congress Ave

Boynton Beach, FL 33426
Asking Price
$7.83M
Asset Type
Retail
Class
Class B

What's Special

3008 S Congress Ave is situated in a high-traffic commercial corridor in Boynton Beach, Florida. The property is positioned within a dense suburban environment characterized by a mix of residential communities and established shopping centers. This location provides immediate access to major regional anchors, including the Boynton Beach Mall and diverse dining and service options. The site is served by multiple bus stops along the Congress Avenue transit line and is located approximately two miles east of the Interstate 95 interchange, facilitating local and regional connectivity. The property is suited for retail operators seeking high visibility and consistent daily traffic counts. Ideal use cases include neighborhood service providers, specialty retail boutiques, or quick-service food and beverage establishments. The location supports a tenant profile focused on meeting the needs of the surrounding local population, such as medical clinics, fitness studios, or professional service offices. Its proximity to both residential hubs and existing commercial density creates a functional environment for businesses relying on routine consumer access and convenient parking.

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NOI
$80,000
Cap Rate
1.02%
DSCR
0.17
Underwater
Cash-on-Cash
-16.38%
Monthly Payment
$38,723.344
Annual Cash Flow
$-384,680.134

Location & Travel Times