401 W Lantana Rd - Medical FOR SALE


Lantana, FL 33462
$3,000,000 USD
561-373-7788
401 W Lantana Rd, Lantana, FL for Sale
$3,000,000 USD
Medical - FOR SALE
1/16
null | 6% Cap Rate

401 W Lantana Rd
Lantana, FL 33462


HIGHLIGHTS

  • direct street frontage
  • free standing
  • Location Location Location

OVERVIEW

** VALUE-ADD MULTI-TENANT OFFICE / FLEX INVESTMENT | BELOW-MARKET RENTS | OWNER-USER OPPORTUNITY | LANTANA, PALM BEACH COUNTY ** Rare opportunity to acquire a **freestanding 12-unit multi-tenant office/flex investment property** located directly on **Lantana Road in Lantana, Florida**, in the heart of **Palm Beach County and the South Florida commercial real estate market**. This property offers an attractive combination of **existing rental income, below-market rents, value-add potential, owner-user flexibility, and long-term investment upside**. Current rental rates are approximately **$32.00± per square foot**, creating a compelling **mark-to-market opportunity** for an investor to increase rents over time through lease renewals, tenant turnover, and strategic repositioning. Increasing rents toward prevailing market levels provides the opportunity to grow **Net Operating Income (NOI)** and potentially increase the property's overall value. The building is configured as **12 individual small-bay office/flex suites**, creating a diversified multi-tenant income stream while limiting exposure to any single tenant. The smaller suite configuration is well suited for **professional offices, medical and healthcare users, service businesses, administrative offices, local businesses, contractors, real estate companies, insurance agencies, accounting firms, attorneys, logistics companies, and other commercial users**. Each suite is serviced by an **individual HVAC system**, providing tenants with independent climate control and simplifying management of the individual spaces. The property includes **26 on-site parking spaces** and offers excellent **Lantana Road frontage, street visibility, signage exposure, and convenient access to I-95, Federal Highway, Lake Worth Beach, Boynton Beach, Palm Beach, West Palm Beach, and surrounding Palm Beach County communities**. For an **investor**, the property represents a unique **value-add commercial real estate investment** with below-market rents, multiple tenants, rental growth potential, and the ability to increase NOI. For an **owner-user**, the flexible layout creates the opportunity to occupy one or multiple suites while continuing to collect rental income from the remaining tenants. ### INVESTMENT & PROPERTY HIGHLIGHTS • **Value-Add Commercial Investment Property** • **Below-Market Rents – Approximately $32.00±/SF** • **Mark-to-Market Rental Upside** • **Potential NOI Growth Through Future Rent Increases** • **12-Unit Multi-Tenant Office / Flex Building** • **Small-Bay Office / Flex Suites** • **Freestanding Commercial Building** • **Investment or Owner-User Opportunity** • **Diversified Multi-Tenant Rental Income** • **Owner-Occupant With Supplemental Rental Income Potential** • **12 Individual HVAC Systems** • **26 On-Site Parking Spaces** • **Direct Lantana Road Frontage** • **High-Visibility Commercial Location** • **Signage Exposure** • **Easy Access to I-95 and Federal Highway** • **Central Palm Beach County Location** • **South Florida Commercial Real Estate Investment** • **Professional Office / Medical / Service / Flex Uses** • **Rental Rate Growth & Repositioning Potential** • **Available for Sale or Lease** **401 W Lantana Road offers investors and owner-users a rare opportunity to acquire a small-bay, multi-tenant commercial property with existing income, below-market rents, strong frontage, and significant long-term value-add potential in Palm Beach County.**

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$421 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lantana Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-1

APN/PARCEL ID

40-43-44-34-09-001-0231

ASK ABOUT THIS PROPERTY

Joshua KobrinNAI MiamiMore Info
561-373-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Joshua KobrinNAI MiamiMore Info
561-373-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.