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Freestanding office/medical building ideally positioned on highly trafficked South Congress Avenue in Palm Springs, offering 8, 989 SF on approximately 1. 41 acres with CG (General Commercial) zoning. The true standout feature of this property is its exceptionally large, private parking lot—featuring 60+ on-site spaces, including 4 dedicated handicap spaces—fully fenced and secured with electric gates. This rare, high-capacity, secure parking configuration is a major competitive advantage, perfectly suited for medical practices or high-volume professional users, and nearly impossible to find along this corridor. The building was completely remodeled from the ground up in 2019, delivering modern systems, updated finishes, and a turnkey environment ideal for immediate occupancy. It offers a flexible layout suited for medical, professional office, or owner-user use, along with strong frontage, excellent visibility, and easy ingress/egress along a major north-south corridor. Located within a dense residential and commercial trade area, the property provides convenient access to West Palm Beach, is approximately 9 minutes from Palm Beach International Airport, and is near I-95, major hospitals, and key retail corridors. This is a rare opportunity to acquire a fully renovated, freestanding office/medical asset defined by its expansive, secure parking—an invaluable feature in a high-demand professional corridor—ideal for an owner-user or investor seeking a versatile and highly functional property.
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$4,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,960,000 | $3,960,000 | $3,960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $3,863 | $3,863 | $3,863 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $23,742 | $24,382 | $33,417 |
| Total Monthly Payment | $27,730 | $28,370 | $37,405 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.