Park Medical Plaza - 4909-4949 S Congress Ave, Palm Springs, FL 33461

Palm Springs, FL SVN Capital Partners, as exclusive advisor, is pleased to present for sale Park Medical Plaza (the "Property"), a fully occupied, 17,119 square-foot, two-building, single-story medical plaza in Palm Springs, Florida (West Palm Beach MSA). The southern building is located on a +/- 1-acre fee simple parcel. The Northern building is situated on a similar sized parcel and consists of four rentable condo units, all of which are included in this offering. Park Medical Plaza is ideally located along Congress Avenue, less than a quarter mile north of JFK Medical Center, a 486-bed hospital that employs over 500 physicians and 2,200 health care professionals. Built in 1983, the Property is currently occupied by six tenants offering a wide array of medical services catering to Southern Palm Beach communities like Lake Worth, Palm Springs, and Atlantis. The Property offers +/- 120 parking spaces (7.04/1,000 retable square feet) which allows for a variety of professional and medical uses. The Property benefits from 235 feet of frontage along Congress Avenue with a traffic count of over 37,000 a day directly in front of the Property. Park Medical Plaza offers two points of entry to the Property providing ease of access to north and southbound traffic. 157,000 people live within a 3-mile radius of the Property, which is expected to grow by 7.5% within the next 5-years. With direct access to tenant spaces and dedicated HVAC units, the single story buildings provides tenants a safe workplace environment with limited exposure to high traffic, shared common areas typically found in a traditional medical office building, thereby limiting exposure to the spread of COVID-19.