Property Description

Rare owner-occupied retail investment opportunity in Lantana. 1212 and 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.