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839 S Congress Ave
West Palm Beach, FL 33406
Asking Price
$18.50M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 5.36 acres <ul><li>5.36-acre redevelopment site adjacent to Trump International Golf Course</li><li>City-approved density for up to 600 multifamily units (high-level approval)</li><li>Existing shopping center providing short-term income</li><li>Leases structured with no renewal options, allowing redevelopment flexibility</li><li>Opportunity for multifamily, mixed-use, or re-tenanting strategy</li><li>Strong frontage along S Congress Avenue</li></ul>
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NOI
$80,000
Cap Rate
0.43%
DSCR
0.07
Underwater
Cash-on-Cash
-18.35%
Monthly Payment
$91,527.906
Annual Cash Flow
$-1,018,334.873
