8881 Lantana RdWellington, FL 33467

Property Details for 8881 Lantana Rd

Year built

2009

Construction

CONCRETE

Lot size

0.96 AC

Property size (Sq ft)

3,514 SF

Zone code

CG

Property type

Retail properties

Property subtype

Banks

APN

00-42-44-31-05-001-0040

APU

424431050010040

Description

This ±1-acre commercial land parcel presents a unique investment opportunity in the thriving Wellington, Florida market. Strategically situated at the intersection of Lyons Road and Lantana Road in Palm Beach County, this property boasts exceptional visibility and accessibility. Its prime location offers easy access to State Road 7 and Jog Road, ensuring high traffic volume and convenient access for customers and employees. The surrounding area is anchored by a strong mix of established businesses, including Dollar Tree, Firestone, CVS, and LA Fitness, creating a vibrant and desirable commercial environment. This multi-use zoning allows for a wide range of development possibilities, catering to diverse business needs. The property's address is 8881 Lantana Rd, Wellington, FL 33467. Its geographic coordinates are latitude 26.591336 and longitude -80.1874454. The site benefits from excellent demographics, making it an ideal location for a variety of commercial ventures. This exceptional property offers significant potential for growth and return on investment in a highly sought-after area of Western Palm Beach County. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,588,044

  6.5%

  $1,465,887

  7%

  $1,361,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,463,362

  Geo Method

  $2,463,362

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,530

  Hospitality

  $1,132,655

  Educational

  $942,356

  Medical

  $974,765

  Retail

  $1,465,887

Location Insight

City

Lake Worth

County

Palm Beach

State

Florida

Latitude

26.5913

Longitude

-80.1873

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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