1212 W Lantana Road,Lantana, FL 33462
Lantana, FL 33462
Description
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 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.
Details
| MLS # | A12090594 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 45 |
| Listing Provided By | APEX Capital Realty LLC | Miguel Angel Pinto |
Features
| SQ Feet | 9,860 |
|---|---|
| Zoning | C1 (city |
| Acreage | 0.60 |
Taxes
| Tax Annual Amount | 26603 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lantana |
| Zip Code | 33462 |
| Area | 5640 |
| Subarea | PB01 |
| Listing VS Median (in 33462) | |
Price: $3,100,000 low | high Med: $249,000 sqft: 9,860 low | high Med: 915 $ / sqft: $314 low | high Med: $288 On site: 45 low | high Med: 8.5 | |
Market Activity 33462
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lantana |
| Zip Code | 33462 |
| Area | 5640 |
| Subarea | PB01 |
| Listing VS Median (in 33462) | |
Price: $3,100,000 low | high Med: $249,000 sqft: 9,860 low | high Med: 915 $ / sqft: $314 low | high Med: $288 On site: 45 low | high Med: 8.5 | |