Two-Building Retail
For Sale
$3,100,000
1212 W Lantana Road, Lantana, FL 33462
C-1-zoned retail property with two freestanding buildings and established occupants on W Lantana Road.
Property Size9,860 SF
Lot Size0.60 Acres
Price / SF$314.40
Days on Market49
Property Features for 1212 W Lantana Road
General Information
Standard status
Active
Size
9,860 SF
Lot size
0.60 Acres
Property subtype
Retail
Zoning
C-1
Financials
Asking Price
$3,100,000
Cap Rate
9%
Taxes and HOA fees
Annual Taxes
$26,603
Building Details
Building Size
9,860 SF
Year Built
1974
Buildings
2
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Angel Pinto · License #3313310
(305) 570-2600
Source:
Meyerlucas
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 12:10PM
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 APEX Capital Realty LLC
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Investment Insights
Based on property information with market context.
This retail offering includes two freestanding buildings totaling 9,860 SF across 0.60 acres of C-1-zoned land. The 1212 W Lantana Rd building contains 6,990 SF and was built in 1974; the 414 W Lantana Rd building contains 2,870 SF and dates to 1966. ACE Hardware occupies the larger building, while ACE Rental Place occupies the smaller property.
Both parcels are located on W Lantana Road, with I-95 minutes away. Nearby commercial operators include Costco, Publix, AutoZone, Wawa, Aldi, and Chick-fil-A. Downtown Lantana, Manalapan, and the 700-unit Water Tower Commons development are also identified in the surrounding area. The parcels may be acquired together or considered individually, subject to verification of zoning, permitted uses, setbacks, and parking with the Town of Lantana.
Both parcels are located on W Lantana Road, with I-95 minutes away. Nearby commercial operators include Costco, Publix, AutoZone, Wawa, Aldi, and Chick-fil-A. Downtown Lantana, Manalapan, and the 700-unit Water Tower Commons development are also identified in the surrounding area. The parcels may be acquired together or considered individually, subject to verification of zoning, permitted uses, setbacks, and parking with the Town of Lantana.
Key Highlights
- Two freestanding retail buildings total 9,860 SF on 0.60 acres
- Both parcels carry C‑1 zoning
- 1212 W Lantana Rd: 6,990 SF, 0.43 acre, built 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,725
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,334,500
$3.3M
Cap Rate 7%
$2,381,786
$2.4M
Cap Rate 9%
$1,852,500
$1.9M
Market Conditions
NOI Build-Up for 9,860 SF
Gross rent
$260.3K $26.40/SF
− Vacancy
−$22.1K −$2.24/SF
EGI
$238.2K $24.16/SF
− OpEx
−$71.5K −$7.25/SF
NOI
$166.7K $16.91/SF
Area
Palm Beach County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,334,500
Cap Rate 7%
$2,381,786
Cap Rate 9%
$1,852,500
Alternative Uses
Best Use
Retail
$2.38M
$2.08M – $2.78M
NOI $166,725 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.94M
$6.08M – $8.10M
NOI $486,077 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
381k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 24%
Dining 21%
Groceries 18%
Costco Wholesale
Superstores
130,702 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
51,031 visits/mo
0.5 miles
Publix
Groceries
43,786 visits/mo
0.2 miles
Chick-fil-A
Dining
37,754 visits/mo
0.1 miles
McDonald's
Dining
30,604 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - C-1-zoned retail property with two freestanding buildings and established occupants on W Lantana Road.
Where is this storefront property located?
The property is located at 1212 W Lantana Road Lantana, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Two freestanding retail buildings total 9,860 SF on 0.60 acres; Both parcels carry C‑1 zoning; 1212 W Lantana Rd: 6,990 SF, 0.43 acre, built 1974
