704 N Dixie Hwy - Hospitality FOR SALE


Lantana, FL 33462
$1,680,000 USD
561-452-3909
704 N Dixie Hwy, Lantana, FL for Sale
$1,680,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

704 N Dixie Hwy
Lantana, FL 33462


HIGHLIGHTS

  • Located on Route 1 with easy access to Interstate 95
  • Minutes from Palm Beach County Park Lantana Airport
  • Major retailers nearby include Walgreens and many locate businesses and services

OVERVIEW

Investment Opportunity: New England Motor Lodge Motel – Lantana, FL Discover the New England Motor Lodge Motel, a prime investment opportunity in the heart of Lantana, Florida. Just minutes from Manalapan Island and about a mile from the I-95 Lantana Road exit, this property offers tremendous potential for investors. Positioned near beautiful beaches, popular restaurants, and vibrant downtown Lake Worth Beach, it is an ideal location to attract both tourists and business travelers. This unique offering includes two buildings for the price of one, situated on a 0.41-acre lot. The property features a 13-unit, two-story building and an 8-unit, single-story building, providing versatile income-generating opportunities. Zoned C1 (Neighborhood Commercial District), flexible zoning is available for redevelopment with the Town of Lantana. While the motel requires some TLC, it represents a remarkable value-add opportunity with significant upside upon renovation. Whether you're looking to expand your portfolio or take advantage of a rare entry point into the hospitality industry, this property offers endless potential in a thriving market. Don't miss out—contact us today for more details! PLEASE DO NOT DISTURB TENANTS! Owner is motivated to Sell!

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$356 USD /SF

# OF ROOMS

13

PRICE/ROOM

$129,231 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New England Motor Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1947

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C1

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Lily ChoLPT RealtyMore Info
561-452-3909

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Lily ChoLPT RealtyMore Info
561-452-3909

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