Freestanding Retail
For Sale
$499,000
888 E Coast Avenue, Lantana, FL 33462
Commercial Sale, Lantana, FL
Property Size1,202 SF
Lot Size0.10 Acres
Price / SF$415.14
Days on Market332
Property Features for 888 E Coast Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C1(cit
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Take Exit 61. Turn left to W Lantana Rd. Turn right to N Broadway. Turn left to W Perry St, which continues onto E Coast Ave
Subdivision
5610
Standard status
Active
APN
40434503150130010
Size
1,202 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREYNOLDS HIGHLANDS LTS 1 & 2 BLK 13 & ELY 40 FT ABND EAST COAST AVE R/W AS IN OR12553P326 LYG W OF & ADJ TO
Tax Annual Amount
6904
Legal Description
GREYNOLDS HIGHLANDS LTS 1 & 2 BLK 13 & ELY 40 FT ABND EAST COAST AVE R/W AS IN OR12553P326 LYG W OF & ADJ TO
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1977
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
CBS
Roof type
Tile, Concrete
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
(561) 966-4000
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Added: Nov 19, 2025
Changed: Oct 16
Last Checked: Oct 17 at 10:06AM
MLS# R11142257
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding retail storefront contains 1,202 square feet on a 4,582-square-foot lot. The building was constructed in 1977 with CBS materials and includes a bathroom, vinyl flooring, central air, and electric systems for heating and cooling. Recent repainting provides an updated exterior presentation, while the property includes 10 parking spaces.
Located at 888 E Coast Avenue in Lantana, the property fronts US1 and sits within a commercial corridor that includes national retailers, local shops, restaurants, hotels, and service businesses. Its standalone format and existing retail improvements provide a defined commercial footprint for an owner-user or retail operation.
Located at 888 E Coast Avenue in Lantana, the property fronts US1 and sits within a commercial corridor that includes national retailers, local shops, restaurants, hotels, and service businesses. Its standalone format and existing retail improvements provide a defined commercial footprint for an owner-user or retail operation.
Key Highlights
- 1,202‑square‑foot freestanding retail building
- 4,582‑square‑foot lot with 10 parking spaces
- Located along US1 at 888 E Coast Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,325
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,500
$406.5K
Cap Rate 7%
$290,357
$290.4K
Cap Rate 9%
$225,833
$225.8K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$2.7K −$2.24/SF
EGI
$29.0K $24.16/SF
− OpEx
−$8.7K −$7.25/SF
NOI
$20.3K $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%
$406,500
Cap Rate 7%
$290,357
Cap Rate 9%
$225,833
Alternative Uses
Best Use
Retail
$290.4K
$254.1K – $338.8K
NOI $20,325 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 34%
Dining 25%
Apparel 3%
Winn-Dixie
Groceries
23,426 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,539 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,657 visits/mo
0.1 miles
Burger King
Dining
7,274 visits/mo
0.1 miles
Bank of America
Shops & Services
5,787 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Haiti Roses — 5090 san castle blvd, lantana, fl 33462
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building with dedicated parking, recent repainting, and access to a well-established retail corridor.
Where is this storefront property located?
The property is located at 888 E Coast Avenue Lantana, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,202‑square‑foot freestanding retail building; 4,582‑square‑foot lot with 10 parking spaces; Located along US1 at 888 E Coast Avenue
