Current Use by Public Records
- Specialty properties
Property Details for 1320 Federal Hwy
- Property type
- Specialty properties
Description
This exceptional investment opportunity presents a vacant 0.52-acre lot (APN 08434527050000021) in Lantana, Florida, zoned MU-1, located at 1320 S Federal Hwy, 33462. The property boasts a prime location directly on S Federal Highway, just one block from the ocean. An approved site plan allows for the development of approximately 25,000 square feet of Class A office space across four floors. Currently envisioned as a medical office building, the flexible zoning permits a variety of uses, maximizing investment potential. The asking price is $2,500,000, with seller financing available. The property offers a projected pro-forma net operating income (NOI) of $300,000. This fee-simple ownership opportunity includes a multi-tenancy lease type and is currently vacant. The buildable area is 25,000 square feet, with a proposed completion date of 2025. This redevelopment project offers significant upside potential due to its exceptional location and approved site plan. The property is ideal for investors seeking a high-return opportunity in a desirable coastal location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lantana
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0591
- Latitude
- 26.5255
