NNN Medical/Office Investment Opportunity | 4889 S Congress Ave
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NNN Medical/Office Investment Opportunity 4889 S Congress Ave
9,672 SF 100% Leased Office Building Lake Worth, FL 33461 $3,950,000 ($408/SF) 5.90% Cap Rate
Investment Highlights
- Fully Occupied: 100% leased to reputable medical tenants, providing immediate cash flow
- Ideal Location: Located just half a mile from JFK Medical Center, in a highly visible location along S Congress Avenue
- In Premier Medical Hub: Located in the well-known JFK Medical Centre community
- Recent Upgrades: Over $500,000 in improvements, including a new roof, landscaping, and elevator renovation
- Ample Parking: 40 surface parking spaces available for tenant and visitor use
- Proximity to Major Roads: Easy access to I-95 and major arterial roads for convenience
Executive Summary
Discover a fantastic investment opportunity at 4889 S Congress Avenue, a fully leased ±9,672 SF medical office building in Lake Worth. With long-term, established tenants in place, this property offers immediate cash flow and a solid 5.9% CAP rate. Strategically located near JFK Medical Center and just 1.5 miles from I-95, this two-story building features recent upgrades, including a new roof, fresh exterior paint, and enhanced landscaping. Boasting excellent visibility on a busy corridor and ample parking, this property is perfectly positioned for continued success in the thriving medical office market.
To view the OM, fill out and send the Confidentiality Agreement in the documents/attachments to the brokerage team. For more details: 561 471 8000.
To view the OM, fill out and send the Confidentiality Agreement in the documents/attachments to the brokerage team. For more details: 561 471 8000.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,672 SF
Building Class
C
Year Built/Renovated
1999/2023
Price
$3,950,000
Price Per SF
$408
Cap Rate
5.90%
NOI
$233,050
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,836 SF
Building FAR
0.32
Lot Size
0.69 AC
Zoning
CSH - CN Commercial Neighborhood, CG Commercial General (office, medical, retail, bank, personal services, galleries)
Parking
40 Spaces (4.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Galena Speech
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- Modern Foot & Ankle
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- Tampa General Hospital
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Galena Speech | Health Care and Social Assistance | 99,999 SF | - | - | ||
| Modern Foot & Ankle | Health Care and Social Assistance | 99,999 SF | - | - | ||
| Tampa General Hospital | Health Care and Social Assistance | 99,999 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 70-43-44-30-01-128-0010 | Improvements Assessment | $1,614,745 |
| Land Assessment | $759,421 | Total Assessment | $2,374,166 |
PROPERTY TAXES
Parcel Number
70-43-44-30-01-128-0010
Land Assessment
$759,421
Improvements Assessment
$1,614,745
Total Assessment
$2,374,166
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NNN Medical/Office Investment Opportunity | 4889 S Congress Ave
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