704 Dixie HwyLantana, FL 33462

Property Details for 704 Dixie Hwy

Year built

1947

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

2,742 SF

Zone code

C1

Property type

Hospitality properties

Property subtype

Hotels

APN

40-43-44-34-07-001-0010

APU

40434434070010010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $961,689

  6.5%

  $887,713

  7%

  $824,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,726,396

  Geo Method

  $1,726,396

• Alternative Use

  Use

  Valuation

  Residential

  $969,125

  Hospitality

  $887,713

  Educational

  $738,567

  Medical

  $763,967

  Retail

  $1,148,882

Location Insight

City

Lantana

County

Palm Beach

State

Florida

Latitude

26.5893

Longitude

-80.0517

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].