839 South Congress Avenue
- 5.36-acre redevelopment site adjacent to Trump International Golf Course
- City-approved density for up to 600 multifamily units (high-level approval)
- Existing shopping center providing short-term income
- Leases structured with no renewal options, allowing redevelopment flexibility
- Opportunity for multifamily, mixed-use, or re-tenanting strategy
- Strong frontage along S Congress Avenue
Property Description
839 S Congress Avenue presents a rare large-scale redevelopment opportunity in Palm Springs, FL, positioned along the highly trafficked Congress Avenue corridor. Spanning approximately 5.36 acres, the site is currently improved with an income-producing shopping center and benefits from Commercial Renewal (CR) zoning, allowing for flexible repositioning. A recently completed massing study supports the development of an 8-story mixed-use project totaling approximately 600 multifamily units, complemented by ground floor retail and structured parking. The proposed plan includes a well-balanced unit mix, modern amenity package with central courtyard and pool deck, and integrated parking structure totaling over 800 spaces. With ±10,000 SF of retail frontage, strong visibility, and proximity to surrounding residential neighborhoods and regional employment centers, the property is ideally suited for a high-density multifamily redevelopment. Existing short-term leases provide interim income while preserving full flexibility for redevelopment, re-tenanting, or phased repositioning. This offering represents a scalable infill development opportunity in a supply-constrained submarket, with the ability to deliver a transformative residential project in a rapidly evolving corridor.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $18,500,000 |
| Lot Size: | 5.36 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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