Lantana Mixed-Use Commercial
For Sale
$495,000
117 Moorings Drive 38-39, Lantana, FL 33462
Versatile 1,055 SF space ideal for various business concepts.
Property Size1,055 SF
Price / SF$469.19
Days on Market225
Property Features for 117 Moorings Drive 38-39
General Information
Standard status
Active
Size
1,055 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$6,762
Building Details
Year Built
2005
Listing Agency:
MJI Realty Group LLC
Listed By:
Marc Martinangelo · License #3420294
(561) 859-1484
Source:
Meyerlucas
Added: Feb 28
Changed: Sep 26
Last Checked: Oct 11 at 11:06AM
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
Estimated NOI and Cap Rate
NOI / Yr
$20,310
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,200
$406.2K
Cap Rate 7%
$290,143
$290.1K
Cap Rate 9%
$225,667
$225.7K
Market Conditions
NOI Build-Up for 1,055 SF
Gross rent
$29.1K $27.60/SF
− Vacancy
−$2.0K −$1.93/SF
EGI
$27.1K $25.67/SF
− OpEx
−$6.8K −$6.42/SF
NOI
$20.3K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,200
Cap Rate 7%
$290,143
Cap Rate 9%
$225,667
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 7%
Electronics 2%
Dollar Tree
Shops & Services
12,687 visits/mo
0.4 miles
7-Eleven
Shops & Services
10,284 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
2,408 visits/mo
0.4 miles
Papa John's Pizza
Dining
1,891 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
1,190 visits/mo
0.4 miles
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 Drive 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.
