808 Coast Ave Lantana, FL 33462-4542

This exceptional Lantana, FL commercial property presents a lucrative investment opportunity. Located on a 0.43-acre lot at 808 E Coast Avenue, Unit 808-878, this two-story building boasts seven commercial suites, each with a half-bathroom. Two suites measure 500 square feet each, currently leased at $760 and $800 per month (with one lease expiring). A renovated 1000-square-foot, two-bedroom, two-bathroom apartment generates $1750 monthly income (month-to-month lease). A single-story building adds further income potential with three 600-square-foot bays (leased at $3000/month with a 1-3 month leaseback), one 720-square-foot bay (leased at $1000/month with a 1-3 month leaseback), and one 480-square-foot bay currently leased at $800 (with one lease expiring). The owner currently occupies four suites, generating $4000 in monthly income. The property is zoned for general commercial use, offering significant flexibility for future development. Potential uses include a motel, residential units, expanded retail space, or restaurants, in addition to continuing existing leases. The property is prominently situated along the railroad and US 1, providing excellent signage opportunities. The seller is motivated and will consider a contract for deed with 35% down, 10% interest, and a 3-year term. This is a rare chance to acquire a well-established, income-producing property with substantial upside potential.