6169 Jog RdLake Worth, FL 33467

Property Details for 6169 Jog Rd

Year built

1986

Construction

CONCRETE

Lot size

10.62 AC

Property size (Sq ft)

102,586 SF

Zone code

CG

Property type

Retail properties

Property subtype

Community centers

APN

00-42-44-39-04-001-0010

APU

424439040010010

Description

Lantana Square, a 143,248-square-foot neighborhood shopping center in Lake Worth, Palm Beach County, Florida, presents a compelling investment opportunity. Originally constructed in 1959 and extensively renovated in 2008, this multi-tenant property boasts a strong anchor tenant: a 37,698-square-foot Walmart Neighborhood Market. The current offering encompasses 105,550 square feet of retail space, with 11,000 square feet immediately available for lease. Spaces range from a minimum of 900 square feet to a maximum contiguous space of 11,000 square feet, providing flexibility for various retail concepts. The center enjoys a diverse tenant mix, including established businesses such as Petco, Chipotle Mexican Grill, That’s Dancing, and Sears Outlet, creating a vibrant and well-established retail environment. Located in Palm Beach County, the property benefits from a strong local economy and high consumer traffic. This is an exceptional opportunity to acquire a well-positioned retail space within a thriving shopping center. The property's history of successful tenancy and recent renovations make it an attractive investment for both established and emerging businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $46,564,840

  6.5%

  $42,982,928

  7%

  $39,912,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $69,261,800

  Geo Method

  $69,261,800

• Alternative Use

  Use

  Valuation

  Residential

  $36,257,708

  Hospitality

  $33,211,866

  Educational

  $27,631,882

  Medical

  $28,582,186

  Retail

  $42,982,928

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.5895

Longitude

-80.1493

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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