1212 W Lantana Rd, Lantana, FL

House

For Sale

Listed price in listed location currency (USD).

$3,100,000

000

MLS® A12090594

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $26,603

Days Active 3

Lot Size 0.6 Acres

Approx. Age 1974

MLS® Number A12090594

Property Address: 1212 W Lantana Rd, Lantana, FL, 33462-1517

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberA12090594

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1974

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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