704 Dixie Hwy Lantana, FL 33462
- Hotels
- 2,742 SF
- 0.40 lot acres
Current Use by Public Records
- motel / Hotel
- New England Motor Lodge / Hotel / Lodge
Property Details for 704 Dixie Hwy
- Year built
- 1947
- Construction
- WOOD
- Lot size
- 0.40 lot acres
- Property size
- 2,742 SF
- Zone code
- C1
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 40-43-44-34-07-001-0010
- APU
- 40434434070010010
Description
This exceptional investment opportunity presents a charming motel situated on a 0.41-acre lot at 704 N Dixie Highway in Lantana, Florida. Priced at $1,680,000, this property offers significant potential for growth within the thriving hospitality sector. Its strategic location provides easy access to major attractions, pristine beaches, and bustling business centers, ensuring a consistent stream of guests. The motel benefits from its proximity to I-95 (approximately one mile from the Lantana Road exit), enhancing accessibility for both tourists and business travelers. Lantana itself is a vibrant community known for its unique blend of coastal charm and friendly atmosphere, creating a desirable destination for visitors. This presents a compelling opportunity for both seasoned investors seeking a strong return and first-time entrepreneurs entering the hospitality market. The property's size and location make it an ideal base for a successful and profitable hospitality business. The established presence within a popular tourist area ensures a steady flow of potential customers, minimizing the risk associated with new ventures. This is a rare chance to acquire a well-positioned motel in a flourishing coastal community. The property's square footage is not currently available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lantana
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0517
- Latitude
- 26.5893
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
