608 Dixie HwyLake Worth Beach, FL 33460

Property Details for 608 Dixie Hwy

Year built

1956

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,464 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

40-43-44-34-07-002-0260

APU

40434434070020260

Description

This 2,464 square foot industrial property located at 608 N Dixie Hwy, Lantana, FL, sits on a 0.07-acre lot and is offered at $750,000. The building presents a unique opportunity for owner-occupancy or investment. The upper level features a completely remodeled apartment, suitable for use as office space or residential living. The ground level offers two separate garage spaces with ample capacity for 4-5 vehicles. Beyond the interior garages, the property includes additional covered parking in the rear for two more vehicles, and further uncovered parking is available at the front of the building. Currently vacant, this versatile property allows for diverse usage scenarios. An owner-user could occupy one section, such as the remodeled apartment, while generating income by leasing the garage spaces or the entire building. Alternatively, the entire space could be utilized to meet a single business's needs. The property's combination of residential-style space and substantial garage capacity makes it a rare find in the Lantana market. This is an exceptional opportunity for a buyer seeking a flexible and valuable industrial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,118,435

  6.5%

  $1,032,401

  7%

  $958,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,663,590

  Geo Method

  $1,663,590

• Alternative Use

  Use

  Valuation

  Residential

  $870,869

  Hospitality

  $797,712

  Educational

  $663,687

  Medical

  $686,512

  Retail

  $1,032,401

Location Insight

City

Lantana

County

Palm Beach

State

Florida

Latitude

26.5887

Longitude

-80.0518

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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