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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1212 W Lantana Rd , Lantana, FL 33462
$3,100,000
Est. Payment: $6,888.89/mo
0 Bed
0 Bath
9860 Sqft
Status: Active | Days on site: 1
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House 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.

Highlights

Listed by Miguel Pinto , 305-570-2600 APEX Capital Realty LLC , 305-570-2600.

Property Type

Commercial Sale

Lot/Acreage
0.6

Year Built

1974

County

Palm Beach

Area

4170

Listing ID

A12090594

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:C1 (city
Principal Interest
$6,889
Taxes
$2,217

Home Price

$3,100,000

Loan Details

30 yrs
%

Down Payment

20%
$620,000
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Monthly Price:
$6,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,888.89 $2,216.92 $0.00 $9,105.81
Yearly $82,666.67 $26,603.00 $0.00 $109,269.67
Total $2,480,000.00 $798,090.00 $0.00 $3,278,090.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lantana, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.