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Opportunity to purchase a small bay warehouse complex in Delray Beach, Fl. This property features two buildings of 11,100 SF each, for 22,200 SF of rentable space. The lot size is 87,830 SF zoned MIC - Mixed Industrial & Commercial, allowing a wide range of new development possibilities self storage, industrial, office, & affordable housing multifamily. It's 100% occupied by 8 tenants, w/ current rents well below market rate. Providing a rare value-add opportunity or covered land play for future development. Stabilizing the property at current market lease rates would generate an estimated gross income of $529,000 ($24/SF), & a net income of $384,960 ($17.34/SF). Most current tenants have short lease terms remaining. Phenomenal location w/ 260+ ft of direct frontage on N Congress Avenue.
Listed by Jason Abitbol, APEX Capital Realty LLC

Property Details of 320-330 N Congress Avenue

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on October 3, 2023

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