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Property profile & analytics
OFF-MARKET Estimated value $580,000
Office buildings

222 Ocean Ave Lantana, FL 33462-3236

1,282 SF 0.21 ac lot Built 1959
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-4893458
Property summary
AI-generated overview

This exceptional 2,380-square-foot office space at 222 E Ocean Ave, Lantana, Florida, presents a unique opportunity. Located in the desirable Lantana, Lake Worth submarket of Palm Beach County, this single-tenant property boasts a charming cottage-style design. Built in 1959 and extensively renovated in 2010, the building offers a blend of classic charm and modern functionality. The two-story structure features eight private offices, each with an impressive eight-foot ceiling height. The property includes four parking spaces, a significant advantage in this location. The zoning is C1, and the APN is 40-43-45-03-14-008-0120. The entire 2,380 square feet is currently vacant, providing immediate occupancy for a new tenant. The building is conveniently located near S Lake Drive, offering easy access to local amenities and major transportation routes. This property is ideal for a business seeking a unique and well-maintained office space in a vibrant coastal community. The absence of elevators should be noted. This is a rare opportunity to acquire a fully renovated, single-tenant office building in a highly sought-after location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1959
Construction WOOD
Total area 1,282 SF
Lot 0.21 ac (9,165 SF)
Zoning code C1
APN 40-43-45-03-14-008-0120
UPID US18-4893458
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$560k
Comparable Approach Comparable
$594k
Blend (final) Blend
$580k
Owner & transaction history
222 E Ocean Ave LLC · 11 yrs held
222 E Ocean Ave LLC
since 2015
1 recorded transaction
2015
$850,000
Zoning & alternative use
C1 · Lantana, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $635,000 +24.5%
Retail stores $510,000 +0.5%
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