4889 S Congress Ave - Medical FOR SALE


Lake Worth, FL 33461- Outer Greenacres
$3,800,000 USD
561-254-7810
4889 S Congress Ave, Lake Worth, FL for Sale
$3,800,000 USD
Medical - FOR SALE
1/22
null | 6.39% Cap Rate

4889 S Congress Ave
Lake Worth, FL 33461
Outer Greenacres


HIGHLIGHTS

  • 100% leased ±9,672 SF medical office investment
  • 6.5% CAP Rate beginning February 2027
  • Established tenants with NNN leases and annual escalations
  • More than $500,000 in recent property improvements
  • ±105 feet of frontage along S Congress Avenue with prominent signage
  • Near JFK Medical Center & the surrounding healthcare hub

OVERVIEW

4889 S Congress Avenue is a 100% leased, ±9,672-square-foot medical office investment property located in Lake Worth, Florida, near the JFK Medical Center healthcare hub. 6.39% current cap rate; 6.5% beginning February 2027. This two-story asset is fully occupied by three established healthcare practices on NNN leases with annual rent escalations, providing investors with immediate cash flow and built-in income growth. The property has also benefited from more than $500,000 in recent improvements, including a new roof, renovated second floor, renovated elevator cab, two new HVAC units, refreshed exterior paint, upgraded landscaping and monument signage, and a resealed and restriped parking lot. The building includes 40 surface parking spaces, a covered porte-cochere, approximately 105 feet of frontage along S Congress Avenue and prominent building and monument signage. Positioned within the established Lake Worth/Atlantis medical corridor, the property sits approximately half a mile from JFK Medical Center, minutes from the 6th Avenue South I-95 interchange, and within a short drive of Florida's Turnpike. The location combines proximity to a major healthcare ecosystem with strong demographics and high visibility along S Congress Avenue, which sees approximately 34,500 vehicles per day. For investors seeking a fully leased medical office building for sale in Palm Beach County, 4889 S Congress Avenue offers a compelling combination of strong tenancy, NNN lease structure, scheduled rent growth, recent capital improvements, and an established medical location. Visit CoStar's Data Room to view the full Offering Memorandum or call (561) 471-8000 for more information.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased NNN Medical Office Asse

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CSH

APN/PARCEL ID

70-43-44-30-01-128-0010

ASK ABOUT THIS PROPERTY

Lesley SheinbergNAI Merin Hunter Codman, Inc.More Info
561-254-7810

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Lesley SheinbergNAI Merin Hunter Codman, Inc.More Info
561-254-7810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.