1212 W Lantana Rd, Lantana FL 33462

About This Property

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.

Property Details

Property Type

Retail

Status

Active

MLS #

A12090594

Building Area

9,860 SF

Lot Size

26,136 SF

Year Built

1974

Zoning

C1 (city

Days on Market

0

Price

$3,100,000