808 Coast AveLantana, FL 33462

Property Details for 808 Coast Ave

Year built

1977

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

2,000 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

40-43-45-03-15-013-0030

APU

40434503150130030

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $907,821

  6.5%

  $837,988

  7%

  $778,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,350,317

  Geo Method

  $1,350,317

• Alternative Use

  Use

  Valuation

  Residential

  $706,874

  Hospitality

  $647,493

  Educational

  $538,707

  Medical

  $557,234

  Retail

  $837,988

Location Insight

City

Lantana

County

Palm Beach

State

Florida

Latitude

26.5779

Longitude

-80.0539

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].