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    306 Moorings Dr Lantana, FL 33462

    For Sale
    $1,750,000

    Prime Waterfront Restaurant Site, Lantana, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 12,000 sq ft waterfront property in Lantana, Florida, is offered at $1,750,000. Zoned for restaurant/bar use, it features 50 parking spaces and 2+ boat slips with rights to lease additional slips. The site boasts direct Intracoastal access and is ideally suited for a variety of hospitality ventures, offering breathtaking waterfront views. Approved for 1,500 sq ft of enclosed space and 4,000 sq ft under roof, this property presents a unique opportunity for entrepreneurs. Located at the intersection of a major highway and W Lantana Rd, it benefits from high traffic counts exceeding 60,000 daily. The surrounding area boasts a strong demographic profile, with over 121,000 residents within a 3-mile radius and an average annual household income exceeding $67,200 within a 5-mile radius, projected to reach $84,300 by 2028. Seller financing is available. APN: 40-43-44-34-35-003-0020. This is a rare opportunity to own a thriving waterfront restaurant location in a high-demand area.

    Property Features for 306 Moorings Dr

    General Information

    Property type
    Land

    HighLights

    • High‑traffic waterfront location in Lantana, attracting tourists and locals.
    • Prime intersection of Highway 1 and W Lantana Rd, boasting over 60,000 daily vehicles.
    • Excellent highway access for convenient patron arrival.
    • Dense population: 121,000+ residents within 3 miles, 293,000+ within 5 miles; average household income $67,200 (projected $84,300 by 2028).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lantana
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0516965
    Latitude
    26.5910522

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    FAQs

    What type of property is this?
    Land - Prime Waterfront Restaurant Site, Lantana, FL
    Where is this land located?
    The property is located at 306 Moorings Dr Lantana, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: High-traffic waterfront location in Lantana, attracting tourists and locals.; Prime intersection of Highway 1 and W Lantana Rd, boasting over 60,000 daily vehicles.; Excellent highway access for convenient patron arrival.
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    306 Moorings Dr Lantana, FL 33462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Moorings Dr Lantana, FL 33462
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