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 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

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