Investment Overview

Marcus & Millichap is pleased to present a prime investment opportunity with a well-located retail property in Boynton Beach, Florida. Situated at 1333 N Congress Ave, this property is a second-generation restaurant consisting of 8,627 gross leasable SF on an oversized 1.69-acre parcel. Positioned within the Community Commercial (C-3) zoning district, the asset benefits from flexible zoning that supports a broad range of retail and commercial uses. The site's strategic location on N. Congress Ave has exposure to 40,000+ VPD. It also sits adjacent to Boynton Beach Mall and in the center of the area’s primary retail corridor. The subject is positioned in a very dense sector of Boynton Beach, with its surrounding population having over 260,000 residents with an AHHI of over $89,000 within a 5 MI radius. In addition to its appeal as a second-generation restaurant or redevelopment, the property is approved for a medical marijuana dispensary site with zoning verification letter in hand. Its sizeable 8,627 SF of GLA allows flexibility to subdivide the space, catering to multiple tenants, which could optimize rental income and diversify tenant risk. This investment opportunity offers a well-situated retail asset with substantial potential for re-tenanting or redevelopment. The property's strategic position and flexible zoning within a densely populated retail area provide a solid investment opportunity.