For Sale
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Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lantana, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C1 in Lantana, FL.
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