Rare owner-occupied retail investment opportunity in Lantana. 1212 & 414 W Lantana Road offer two freestanding retail buildings totaling 9,860 SF on 0.60 acres of C-1 zoned land, occupied since 1959 by ACE Hardware and ACE Rental Place. The frontage is the asset: W Lantana Road carries the trade area's… Read More east-west traffic, I-95 is minutes away, and the surrounding residential ring is among the stronger in central Palm Beach County. The improvements are dated and priced accordingly; the land, zoning and position are not. Nearby retailers include Costco, Publix, AutoZone, Wawa, Aldi and Chick-fil-A, with Downtown Lantana and Manalapan close by and the 700-unit Water Tower Commons development adding density to the trade area. The two parcels can be purchased together or repositioned individually. 1212 W Lantana Rd: 6,990 SF, 0.43 acre, built 1974, currently ACE Hardware. 414 W Lantana Rd: 2,870 SF, 0.17 acre, built 1966, currently ACE Rental Place. Zoning is C-1 on both parcels. Ownership is motivated and working to a defined closing deadline; a short-term seller leaseback is available. Combined asking price is $3,100,000, reflecting $304/SF building and $115/SF land (7.4% to 9.0% cap), in line with recent C-1 sales along the Lantana/Dixie Hwy corridor. Buyer to independently verify zoning, permitted uses, setbacks and parking with the Town of Lantana. Information deemed reliable but not guaranteed. Read Less
Courtesy of APEX Capital Realty LLC, Miguel Angel Pinto, 305-570-2600.
Listing Snapshot
Days Online
26
Last Updated
Property Type
Retail
Square Ft.
9,860
Lot Size
0.6 Acres
Year Built
1974
MLS Number
A12090594
30 Days Snapshot Of 33462
$306k
0%
(avg) sold price
0
-100%
homes sold
124
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1974, Toal building area: 9860
Lot
0.6 acres
Property
Zoning: C1 (city
Taxes
Annual amount: $26,603
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