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    704 Dixie Hwy Lantana, FL 33462

    For Sale
    $1,680,000

    13-Unit Motel, Prime Location, High ROI Potential

    Property size:
    1,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 13-unit motel situated at 704 N Dixie Highway, Lantana, FL 33462. The property, built in 1947, comprises two buildings across a single parcel, offering a total of 16 beds and 16 keys. The combined square footage ranges from 1,980 to 2,742 square feet. The motel boasts 14 parking spaces, providing ample accommodation for guests. Its strategic location offers easy access to I-95 via Lantana Road exit (approximately 1 mile away), placing it within close proximity to waterways and major attractions. The property's APN is 40434434070010010. This established motel presents a strong potential for significant returns in the thriving hospitality sector of Lantana, a community known for its coastal charm and vibrant local economy. The asking price is $1,680,000. This is a rare chance to acquire a well-positioned, multi-unit motel in a desirable Florida location. The property is classified as Special Purpose. The two-story buildings offer a solid foundation for continued success or potential redevelopment.

    Property Features for 704 Dixie Hwy

    General Information

    Property type
    Specialty properties
    Square Feet
    1,980 SF

    Building Details

    Year Built
    1947
    Buildings
    2
    Stories
    2
    Units
    13

    HighLights

    • Prime waterfront location.
    • Easy access to major highway.
    • Two‑building property on single tax parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    motel Hotel New England Motor ... Lodge

    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
    -80.0517166
    Latitude
    26.5893864

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    FAQs

    What type of property is this?
    Specialty property - 13-Unit Motel, Prime Location, High ROI Potential
    Where is this specialty property located?
    The property is located at 704 Dixie Hwy Lantana, FL.
    What is the asking price?
    The asking price for this property is $1,680,000.
    What are key features of this property?
    This property features: Prime waterfront location.; Easy access to major highway.; Two-building property on single tax parcel.
    Request Owner's contact information
    704 Dixie Hwy Lantana, FL 33462
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    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
    704 Dixie Hwy Lantana, FL 33462
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