222 Ocean AveLantana, FL 33462

Property Details for 222 Ocean Ave

Year built

1959

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

1,282 SF

Zone code

C1

Property type

Office properties

Property subtype

Office buildings

APN

40-43-45-03-14-008-0120

APU

40434503140080120

Description

This exceptional 2,380-square-foot office space at 222 E Ocean Ave, Lantana, Florida, presents a unique opportunity. Located in the desirable Lantana, Lake Worth submarket of Palm Beach County, this single-tenant property boasts a charming cottage-style design. Built in 1959 and extensively renovated in 2010, the building offers a blend of classic charm and modern functionality. The two-story structure features eight private offices, each with an impressive eight-foot ceiling height. The property includes four parking spaces, a significant advantage in this location. The zoning is C1, and the APN is 40-43-45-03-14-008-0120. The entire 2,380 square feet is currently vacant, providing immediate occupancy for a new tenant. The building is conveniently located near S Lake Drive, offering easy access to local amenities and major transportation routes. This property is ideal for a business seeking a unique and well-maintained office space in a vibrant coastal community. The absence of elevators should be noted. This is a rare opportunity to acquire a fully renovated, single-tenant office building in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $395,859

  6.5%

  $365,408

  7%

  $339,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,473

  Geo Method

  $343,473

• Alternative Use

  Use

  Valuation

  Residential

  $453,106

  Hospitality

  $415,043

  Educational

  $345,311

  Medical

  $357,187

  Retail

  $537,150

Location Insight

City

Lantana

County

Palm Beach

State

Florida

Latitude

26.5842

Longitude

-80.0499

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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