Lantana Mixed-Use Commercial
117 Moorings Dr 38-39 Lantana, FL 33462
For Sale
$495,000
Versatile 1,055 SF space ideal for various business concepts.
Property Size1,055 SF
Price / SF$469.19
Days on Market96
Property Features for 117 Moorings Dr 38-39
General Information
Standard status
Active
Size
1,055 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
MJI Realty Group LLC
(561) 859-1484
Listed By:
Marc Martinangelo
(561) 859-1484
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 12:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MJI Realty Group LLC
Investment Insights
Based on property information with market context.
Located in Lantana, this 1,055 square foot mixed-use commercial space features an existing kitchen and dining area. It is suitable for a cafe, juice and smoothie bar, bakery, ice cream concept, or boutique restaurant. The flexible mixed-use zoning allows for hybrid retail or wellness concepts, appealing to both owner-users and investors. Much of the infrastructure is already in place, reducing buildout time and expense. The space is adaptable for concepts such as a wellness cafe with supplement retail, yoga or Pilates studio, spa or skincare studio, or creative studio with event space. Covered rear parking provides customer access, and ownership includes access to association amenities. The location has a bike score of 57, indicating it is bikeable, and a walk score of 67, meaning it is somewhat walkable.
Key Highlights
- Existing kitchen and dining area ideal for food/beverage businesses.
- Flexible mixed‑use zoning allows for retail, wellness, or creative concepts.
- Reduced buildout time and expense due to existing infrastructure.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $27.60 |
| − Vacancy | −$2.0k | −$1.93 |
| EGI | $27.1k | $25.67 |
| − OpEx | −$6.8k | −$6.42 |
| NOI | $20.3k | $19.25 |
1,055 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$290.1K
$253.9K – $338.5K
NOI $20,310 @ 7.0% cap · market cap 4.10%
Second Best
Mixed Use
$260.0K
$227.5K – $303.3K
NOI $18,199 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$743.0K
$650.1K – $866.8K
NOI $52,009 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile 1,055 SF space ideal for various business concepts.
Where is this mixed-use property located?
The property is located at 117 Moorings Dr 38-39 Lantana, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Existing kitchen and dining area ideal for food/beverage businesses.; Flexible mixed‑use zoning allows for retail, wellness, or creative concepts.; Reduced buildout time and expense due to existing infrastructure.
