1590 S Congress Ave

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1590 S Congress Ave

West Palm Beach, FL 33406
Asking Price
$4.95M
Cap Rate
8%
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset spanning 8,989 square feet of floor area.
  • Property available for purchase at a price of $4,950,000.
  • Investment opportunity currently delivering an 8% capitalization rate.
  • Situated at 1590 S Congress Ave in West Palm Beach.
  • Located within the thriving South Florida commercial real estate market.

What's Special

Investors seeking a stabilized asset in West Palm Beach may consider this 8,989-square-foot mixed-use property at 1590 S Congress Ave. The asset serves as a functional addition to a portfolio, positioned within a region known for steady growth and robust commercial activity. Given its versatile structure, the space supports a variety of commercial and professional operations suitable for the active South Florida business environment. This property presents a straightforward acquisition for those focusing on cash flow, supported by an 8% cap rate. The site remains well-integrated into the local infrastructure, benefiting from the accessibility of the broader West Palm Beach market. Whether intended for multi-tenant retail or specialized office use, the building provides a scalable footprint in a significant Florida submarket. Prospective buyers can leverage the existing configuration to maintain steady operations while capitalizing on the ongoing development and economic expansion characteristic of the Palm Beach County area.

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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.40%
Monthly Payment
$24,489.899
Annual Cash Flow
$-213,878.79

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